20 Facts About Richard Clarida

Richard Harris Clarida was born on May 18,1957 and is an American economist who served as the 21st Vice Chair of the Federal Reserve from 2018 to 2022.

Richard Clarida is the C Lowell Harriss Professor of Economics and International Affairs at Columbia University and, from 2006 until September 2018, Global Strategic Advisor for PIMCO.

Richard Clarida is notable for his contributions to dynamic stochastic general equilibrium theory and international monetary economics.

Richard Clarida is a former Assistant Secretary of the Treasury for Economic Policy and is a recipient of the Treasury Medal.

Richard Clarida was a proponent of the theory that inflation was transitory during the COVID-19 pandemic.

Richard 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.

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, Richard Clarida served as chairman of the Department of Economics at Columbia University.

Richard Clarida has published numerous frequently cited articles in leading academic journals on monetary policy, exchange rates, interest rates, and international capital flows.

Richard Clarida 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.

Richard Clarida has written on the monetary policy implications of the low-inflation period created by the 2008 financial crisis.

Richard Clarida introduced in 2014 the concept of a "new neutral" for American 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, Richard Clarida wrote in 2014 that r* was now closer to 2 percent than to 4 percent.

Richard Clarida served as the Assistant Secretary of the United States Treasury for Economic Policy, a position that required confirmation by the United States Senate.

Richard 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.

Richard Clarida returned to Pimco as managing director and Global Economic Advisor in October 2022.

Richard Clarida is a member of the Council on Foreign Relations.

Richard Clarida was director of the NBER Project on and editor of G7 Current Account Imbalances: Sustainability and Adjustment.

The announcement from Richard Clarida did not mention the alleged controversial trading activities.

In July 2022, Richard Clarida was cleared of wrongdoing after an investigation from the Fed's Inspector General.