Francis X. Diebold is J.M. Cohen Professor of Economics, Professor of Finance and Statistics, and Co-Director of the Financial Institutions Center at the University of Pennsylvania and its Wharton School, and Faculty Research Associate at the National Bureau of Economic Research in Cambridge, Mass. Diebold works in forecasting, finance and macroeconomics. He has published extensively and served on the editorial boards of numerous leading journals. He is an elected Fellow of the Econometric Society and the American Statistical Association, and the recipient of Sloan, Guggenheim, and Humboldt fellowships. A prize-winning teacher and popular lecturer, he has also held visiting appointments in Economics and Finance at Princeton University, the University of Chicago, Cambridge University, Johns Hopkins University, and New York University. Diebold is also active in policy and corporate affairs, serving on numerous boards and consulting regularly with financial firms, central banks, and policy organizations, worldwide. From1986-1989 he served as an economist under Paul Volcker and Alan Greenspan at the Board of Governors of the Federal Reserve System in Washington DC. He received his B.S. from the Wharton School in 1981 and his Ph.D. in 1986, also from the University of Pennsylvania. He is married with three children and lives in suburban Philadelphia