Rate My Professor Mikhail Oet

Mikhail Oet is an Associate Teaching Professor and Lead Faculty in the Master of Science in Commerce and Economic Development program at Northeastern University’s College of Professional Studies. He earned his Ph.D. in Management, specializing in Designing Sustainable Systems, from Case Western Reserve University’s Weatherhead School of Management. Oet also holds a Master of Science in Finance from New York University, degrees in Architecture from Harvard University and Yale University, and a degree in Engineering from Cooper Union. His academic and professional career emphasizes the resilience of complex financial intermediaries, with a focus on developing tools for monitoring financial stability.

As an Economist at the Federal Reserve Bank of Cleveland since 2003, Oet initiated early warning methodologies in 2006 to detect instability in the U.S. financial system and led the development of financial stability analytics. He has held teaching positions at the Federal Reserve System and Case Western Reserve University. Oet’s research interests include financial markets, financial intermediation, financial stress, systemic risk, interbank markets, and macroprudential policy. He has authored 21 refereed papers with over 649 citations, published in journals such as Review of Finance, Journal of Financial Stability, Journal of Banking & Finance, and Risks. Notable publications include “The Financial Stress Index: Identification of Systemic Risk Conditions” (2015, 238 citations), “SAFE: An Early Warning System for Systemic Banking Risk” (2013, Journal of Banking & Finance, 134 citations), “Does Financial Stability Matter to the Fed in Setting US Monetary Policy?” (2017, Review of Finance), “Supervising System Stress in Multiple Markets” (2015), and “Evaluating Measures of Adverse Financial Conditions” (2016, Journal of Financial Stability). Oet’s contributions include the Cleveland Financial Stress Index and advancements in systemic risk modeling. At Northeastern, he mentors undergraduate research through PEAK Fellowships, participates in the Lab for Inclusive Entrepreneurship, and received a 2025 Tier 1 Award for collaborative research projects such as Reinvigorating Inclusive, Equitable Innovation and Entrepreneurship in New England and Green Finance for Arctic Futures.