He is the Kenneth C. Griffin Distinguished Service Professor at the University of Chicago and was recently named chief economist of Walmart.
If confirmed, the Sidley Austin senior partner will lead the European Bank for Reconstruction and Development in London.
He was previously chair of the economics division at Columbia Graduate School of Business.
She started work in the interim role on August 1.
He takes up the tenure track appointment on Aug. 15.
Low joins from the University of Missouri, where she was an associate professor and also held the Fred V. Heinkel chair in agriculture.
During his tenure at the central banking system, Michael S. Barr will take an unpaid leave of absence but retains his academic appointments.
He takes up the new post on September 1.
Costis Daskalakis works at the interface of game theory, economics, probability theory, statistics and machine learning.
Tong Liu, Lira Mota and Kerry Siani are among 9 recent hires by the business school.