Richard Clarida Biography, Age, Height, Wife, Net Worth, Family

Publish date: 2024-05-09

Age, Biography and Wiki

Richard Clarida is an American economist and the current Vice Chairman of the Federal Reserve Board of Governors. He was appointed to the position in 2018 by President Donald Trump. He is also a professor of economics and international affairs at Columbia University. Clarida earned his bachelor's degree in economics from the University of Illinois at Urbana-Champaign in 1979 and his Ph.D. in economics from Harvard University in 1983. He has held various positions in the public and private sectors, including serving as Assistant Secretary of the Treasury for Economic Policy from 2002 to 2003 and as a managing director at Pacific Investment Management Company (PIMCO) from 2006 to 2018. Clarida is a member of the Council on Foreign Relations and the National Bureau of Economic Research. He has written extensively on monetary policy, exchange rates, and international finance.

Popular AsN/A
OccupationN/A
Age66 years old
Zodiac SignTaurus
Born18 May, 1957
Birthday18 May
BirthplaceHerrin, Illinois, U.S.
NationalityUnited States

We recommend you to check the complete list of Famous People born on 18 May. He is a member of famous with the age 66 years old group.

Richard Clarida Height, Weight & Measurements

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Dating & Relationship status

He is currently single. He is not dating anyone. We don't have much information about He's past relationship and any previous engaged. According to our Database, He has no children.

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Richard Clarida Net Worth

His net worth has been growing significantly in 2022-2023. So, how much is Richard Clarida worth at the age of 66 years old? Richard Clarida’s income source is mostly from being a successful . He is from United States. We have estimated Richard Clarida's net worth , money, salary, income, and assets.

Net Worth in 2023$1 Million - $5 Million
Salary in 2023Under Review
Net Worth in 2022Pending
Salary in 2022Under Review
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Richard Clarida Social Network

Timeline

Clarida received his Bachelor of Science degree in Economics from the University of Illinois with Bronze Tablet honors, and his Master of Arts and Doctor of Philosophy degrees from Harvard University. In October 2018 he received the College of Liberal Arts and Sciences Alumni Achievement Award from the University of Illinois.

On April 24, 2018, Clarida was officially nominated by President Donald Trump to succeed Stanley Fischer as Vice Chairman of the Federal Reserve. On August 28, 2018 the United States Senate voted to confirm Clarida by a margin of 69 - 26. He assumed office on September 17, 2018.

In 2016 he released Time No Changes', a 13-track album.

Clarida has published numerous frequently cited articles in leading academic journals on monetary policy, exchange rates, interest rates, and international capital flows. He is frequently invited to present his research to the world's leading central banks, including the Federal Reserve, the ECB, the Bank of England, and the Bank of Japan. He has written on the monetary policy implications of the low-inflation period created by the 2008 financial crisis. He also introduced in 2014 the concept of a “new neutral” for Fed monetary policy which predicted a substantial decline in r*, the interest rate consistent with full employment and stable inflation. Whereas before the crisis r* was thought to be above 4 percent, Clarida wrote in 2014 that r* was now closer to 2 percent than to 4 percent.

Clarida has served as a consultant to several prominent financial firms, including the Global Foreign Exchange Group at Credit Suisse First Boston and Grossman Asset Management. From 2006 to 2018, he was Global Strategic Advisor with PIMCO and in 2015 was named managing director with the firm. He is a member of the Council on Foreign Relations. Clarida was director of the NBER Project on and Editor of G7 Current Account Imbalances: Sustainability and Adjustment. From 2004 to 2018 he served as co-editor of the NBER International Macroeconomics Annual

Clarida served as the Assistant Secretary of the United States Treasury for Economic Policy, a position that required confirmation by the United States Senate. In that position, he served as chief economic advisor to two Treasury Secretaries, Paul O'Neill and John W. Snow, advising them on economic policy issues, including the U.S. and global economic prospects, international capital flows, corporate governance, and the maturity structure of U.S. debt. In May 2003, Treasury Secretary John W. Snow awarded Clarida The Treasury Medal in recognition for his record of outstanding service to the Treasury Department.

Clarida grew up in Herrin, Illinois. In 1989 he married Polly Morgan Barry.

Since 1988, Clarida has taught in the economics and international affairs programs at Columbia University, where he is the C. Lowell Harriss Professor of Economics. From 1997 until 2001, Clarida served as chairman of the Department of Economics at Columbia University. Earlier in his career, he had been a member of the Cowles Foundation at Yale University.

Clarida's research centers on dynamic stochastic general equilibrium modeling, a branch of applied general equilibrium theory that is influential in contemporary macroeconomics optimal monetary policy, especially through the lens of time series analysis. His studies with Jordi Galí and Mark Gertler suggest that monetary policy in many countries today resembles a forward looking Taylor rule, whereas the policy makers of the 1970s failed to follow such a forward looking Taylor rule.

Richard Harris Clarida (born May 18, 1957) is an American economist and Vice Chairman of the Federal Reserve. He is the C. Lowell Harriss Professor of Economics and International Affairs at Columbia University and, until September 2018, Global Strategic Advisor for PIMCO. He is notable for his contributions to dynamic stochastic general equilibrium theory and international monetary economics. He is a former Assistant Secretary of the Treasury for Economic Policy and is a recipient of the Treasury Medal.

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