Photo of Cody F. Kallen

Cody F. Kallen

Education

  • Ph.D., Finance and Economics, University of Wisconsin-Madison, 2023
  • B.A., Economics and Mathematics, Washington University in St. Louis, 2016
  • Economist

    Board of Governors of the Federal Reserve System

    2023 - present
  • Breaking Up: Fragmentation in Foreign Direct Investment
    Cody Kallen
    International Finance Discussion Papers (2025)
    https://doi.org/10.17016/IFDP.2025.1413
  • How is Geopolitical Fragmentation Reshaping U.S. Foreign Direct Investment?
    Cody Kallen
    FEDS Notes (2025)
    https://doi.org/10.17016/2380-7172.3764
  • Estimating the Distributional Implications of the Tax Cuts and Jobs Act
    Cody Kallen and Aparna Mathur
    National Tax Journal (2021)
    https://doi.org/10.1086/714449
  • Substance Requirements in the International Taxation of Intangible Capital: A Double-edged Sword?
    Kartikeya Singh, Cody Kallen, and Aparna Mathur
    Public Finance Review (2020)
    https://doi.org/10.1177/1091142119892235
  • The perverse effect of sin taxes: the rise of illicit white cigarettes
    Roger Bate, Cody Kallen, and Aparna Mathur
    Applied Economics (2020)
    https://doi.org/10.1080/00036846.2019.1646403
  • Financial Development and Economic Growth at Different Income Levels
    Cody Kallen
    Stanford Economic Review (2016)
  • conference

    11/3/2023

    National Tax Conference

    Profit Shifting and Multinational Investment

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Last Update: November 21, 2025