28 Facts About Stanley Fischer

Stanley Fischer is an Israeli-American economist who served as the 20th vice chair of the Federal Reserve from 2014 to 2017.

Stanley Fischer previously served as First Deputy Managing Director of the International Monetary Fund and as Chief Economist of the World Bank.

On September 6,2017, Stanley Fischer announced that he was resigning as vice-chair for personal reasons effective October 13,2017.

Stanley Fischer was born into a Jewish family in Mazabuka, Northern Rhodesia.

Stanley Fischer then went on to graduate study at the Massachusetts Institute of Technology, where he received a Ph.

Stanley Fischer became a naturalised citizen of the United States in 1976.

Stanley Fischer was married to Rhoda Stanley Fischer, whom he met during his days in Habonim; the couple had three children.

Stanley Fischer was a professor at the Department of Economics at MIT from 1977 to 1988.

In 1977, Stanley Fischer wrote the paper Long-Term Contracts, Rational Expectations, and the Optimal Money Supply Rule, where he combined the idea of rational expectations argued by new classical economists such as Robert Lucas with the idea that price stickiness still led to some degree of market shortcomings, and so argued that an active monetary policy could help mitigate problems in times of economic downturn.

Stanley Fischer authored three popular economics textbooks, Macroeconomics, Lectures on Macroeconomics, and the introductory Economics, with David Begg and Rudiger Dornbusch.

In 2012, Stanley Fischer served as Humanitas Visiting Professor in Economic Thought at the University of Oxford.

Stanley Fischer was then appointed First Deputy Managing Director of the International Monetary Fund, and served in that role from September 1994 to August 2001.

Stanley Fischer was appointed Governor of the Bank of Israel in January 2005 by the Israeli cabinet, after being recommended by Prime Minister Ariel Sharon and Finance Minister Benjamin Netanyahu.

Stanley Fischer had been involved in the past with the Bank of Israel; he had helped implement Israel's 1985 Economic Stabilization Plan as an American government adviser.

Stanley Fischer took the position on May 1,2005, replacing David Klein, and was sworn in for a second term on May 2,2010.

Stanley Fischer became an Israeli citizen, but did not renounce US citizenship.

Stanley Fischer was widely praised for his handling of the Israeli economy in the aftermath of the global financial crisis; in September 2009, the Bank of Israel was the first bank in the developed world to raise interest rates.

In 2009,2010,2011 and 2012 Stanley Fischer received an "A" rating on the Central Banker Report Card published by Global Finance magazine.

In June 2011, Stanley Fischer applied for the post of IMF managing director to replace Dominique Strauss-Kahn, but was barred, as the IMF stipulates that a new managing director must be no older than 65, and he was 67 at the time.

On June 30,2013, Stanley Fischer stepped down as Governor of the Bank of Israel halfway through his second term, despite high popularity.

Stanley Fischer succeeded Janet Yellen as vice chair; Yellen had become Chair of the Federal Reserve earlier in 2014.

Stanley Fischer resigned for personal reasons in mid-October, 2017,8 months before the expiry in June 2018 of his term as vice chair.

Stanley Fischer received an honorary doctorate from the Hebrew University of Jerusalem in 2006.

In October 2010, Stanley Fischer was declared Central Bank Governor of the Year by Euromoney magazine.

Stanley Fischer is a member of the Bilderberg Group and attended its conferences in 1996,1998 and 1999.

Stanley Fischer appears to have attended the Bilderberg Group's conference in 2011 in St Moritz, Switzerland, though his name does not show up on the list of participants for the year 2011.

Stanley Fischer is a Distinguished Fellow of the Council on Foreign Relations.

Stanley Fischer was named a Distinguished Fellow of the American Economic Association in 2013.