Bob Chakravorti and Anna Lunn of the Federal Reserve Bank of Chicago are among the authors of a recent study that examined how banks use reward points to entice customers to use their payment cards. The pair discusses their findings with Market Platform Dymanics’ Karen Webster in this exclusive NEXTcast interview.
Sujit ‘Bob’ Chakravorti is a senior economist in the financial markets and banking group at the Federal Reserve Bank of Chicago. Chakravorti’s research focuses on the economics of payments and the evolving structure of global financial markets. Previously, he served in a similar capacity in the economic research department.
Chakravorti has published research in the Antitrust Bulletin, the Journal of Money, Credit and Banking, the International Journal of Industrial Organization and the Review of Network Economics.
Before joining the Chicago Fed, Chakravorti worked at the Dallas Fed. Prior to joining the Federal Reserve System, he worked at KPMG as an international economist, advising foreign governments on financial market policy. In addition, he has been a visiting scholar at the De Nederlandsche Bank (Dutch central bank), European University Institute, the International Monetary Fund and the University of Granada.
Chakravorti received a B.A. degree in economics and genetics from the University of California–Berkeley and M.A. and Ph.D. degrees in economics from Brown University.
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Anna Lunn is an associate economist in the financial markets group at the Federal Reserve Bank of Chicago. She conducts both qualitative and quantitative research on trends in consumer payment instruments ranging from cash to credit and debit cards and provides analytical and operational support for the Payments Team’s projects.
She holds B.A. in sociology with honors and a B.A. in economics from the University of Chicago.
