Stanley Fischer

Stanley Fischer
Stanley Fischer
20th Vice Chair of the Federal Reserve
	In office; June 16, 2014 – October 13, 2017
President	Barack Obama; Donald Trump
Preceded by	Janet Yellen
Succeeded by	Richard Clarida
Member of the Board of Governors of the Federal Reserve
	In office; May 21, 2014 – October 13, 2017
President	Barack Obama; Donald Trump
Preceded by	Ben Bernanke
Succeeded by	Michelle Bowman
8th Governor of the Bank of Israel
	In office; May 1, 2005 – June 30, 2013
Prime Minister	Ariel Sharon; Ehud Olmert; Benjamin Netanyahu
Preceded by	David Klein
Succeeded by	Karnit Flug
6th First Deputy Managing Director of the International Monetary Fund
	In office; September 1, 1994 – August 31, 2001
Managing Director	Michel Camdessus; Horst Köhler
Preceded by	Richard Erb
Succeeded by	Anne Osborn Krueger
3rd Chief Economist of the World Bank
	In office; January 1988 – August 1990
President	Barber Conable
Preceded by	Anne Osborn Krueger
Succeeded by	Lawrence Summers
Personal details
Born	October 15, 1943 (age 80); Mazabuka, Northern Rhodesia (now Zambia)
Spouse	Rhoda Keet (died 2020)
Children	3
Education	London School of Economics (BSc, MSc); Massachusetts Institute of Technology (PhD)
Signature
Academic career
Field	Macroeconomics
School or; tradition	New Keynesian economics
Doctoral; advisor	Franklin M. Fisher
Doctoral; students	Zvi Bodie; Isher Judge Ahluwalia; Frederic Mishkin; Steven M. Sheffrin; Olivier Blanchard; Ben Bernanke; Kazuo Ueda; David Hsieh; Kenneth D. West; Greg Mankiw; Jeffrey Miron; Mark Bils; David Romer; Ricardo J. Caballero; Michael Kuehlwein; D. Nathan Sheets; Ilan Goldfajn

Stanley Fischer (Hebrew: סטנלי פישר; born October 15, 1943) is an Israeli-American economist who served as the 20th vice chair of the Federal Reserve from 2014 to 2017. Fischer previously served as the 8th governor of the Bank of Israel from 2005 to 2013. Born in Northern Rhodesia (now Zambia), he holds dual citizenship in Israel and the United States.^[19] He previously served as First Deputy Managing Director of the International Monetary Fund and as Chief Economist of the World Bank.^[20] On January 10, 2014, President Barack Obama nominated Fischer to the position of Vice Chair of the Federal Reserve. He is a senior advisor at BlackRock.^[21] On September 6, 2017, Stanley Fischer announced that he was resigning as Vice-Chair for personal reasons effective October 13, 2017,^[22] two days before his 74th birthday.

^ Fisher, Stanley (1969). Essays on assets and contingent commodities (Ph.D.). MIT. hdl:1721.1/13873. Retrieved 25 May 2017.
^ Bodie, Zvi (1975). Hedging against inflation (Ph.D.). MIT. Retrieved 23 May 2017.
^ Ahluwalia, Isher Judge (1976). A macro-econometric model of the Indian economy analyzing inflation during 1951-1973 (Ph.D.). MIT. Retrieved 30 May 2017.
^ Mishkin, Frederic Stanley (1976). Illiquidity, the demand for consumer durables, and monetary policy (Ph.D.). MIT. Retrieved 24 May 2017.
^ Sheffrin, Steven M. (1976). Rational expectations and employment fluctuations (Ph.D.). MIT. Retrieved 31 May 2017.
^ Blanchard, Olivier (1977). Two essays on economic fluctuations (Ph.D.). MIT. Retrieved 1 February 2017.
^ Bernanke, Ben (1979). Long-term commitments, dynamic optimization, and the business cycle (PDF) (PhD). Massachusetts Institute of Technology. Retrieved 23 October 2016.
^ Ueda, Kazuo (1980). Dynamic Interactions Between Trade Flows and Exchange rates (Ph.D.). MIT. Retrieved 24 April 2024.
^ Hsieh, David Arthur (1981). Expectations and efficiencies in international markets (Ph.D.). MIT. Retrieved 27 May 2017.
^ West, Kenneth D. (1983). Inventory models and backlog costs : an empirical investigation (PDF) (Ph.D.). MIT. Retrieved 16 March 2017.
^ "A Profile of Stanley Fischer". GREG MANKIW'S BLOG. September 19, 2016.
^ Miron, Jeffrey Alan (1984). The economics of seasonal time series (Ph.D.). MIT. Retrieved 27 May 2017.
^ Bils, Mark (1985). Essays on the cyclical behavior of cost and price (Ph.D.). MIT. Retrieved 27 May 2017.
^ Romer, David (1985). General equilibrium analysis of government financial policies (Ph.D.). MIT. Retrieved 24 May 2017.
^ Caballero, Ricardo J. (1988). The Stochastic Behavior of Consumption and Savings (PDF) (Ph.D.). MIT. Retrieved 17 October 2016.
^ "Michael Kuehlwein". The Mathematics Genealogy Project. Retrieved 27 August 2021.
^ Sheets, D. Nathan (1993). Essays in intersectoral economics: exchange rates, public capital and productivity (Ph.D.). MIT. hdl:1721.1/12708. Retrieved 27 May 2017.
^ Goldfajn, Ilan (1995). On public debt and exchange rates (Ph.D.). MIT. hdl:1721.1/11082. Retrieved 25 May 2017.
^ Stanley Fischer firms as top choice to become US Fed vice, The Sydney Morning Herald, via Bloomberg News, December 12, 2013.
^ Ewing, Jack (12 June 2011). "Bank of Israel Chief Enters Race to Lead I.M.F". The New York Times.
^ Fleming, Sam (13 February 2019). "Former Fed vice-chair Stanley Fischer to join BlackRock". Financial Times.
^ "Stanley Fischer submits resignation as a member of the Board of Governors, effective on or around October 13, 2017". Board of Governors of the Federal Reserve System. Retrieved 2017-09-06.

[PhD_thesis-1] Fisher, Stanley (1969). Essays on assets and contingent commodities (Ph.D.). MIT. hdl:1721.1/13873. Retrieved 25 May 2017.

[2] Bodie, Zvi (1975). Hedging against inflation (Ph.D.). MIT. Retrieved 23 May 2017.

[3] Ahluwalia, Isher Judge (1976). A macro-econometric model of the Indian economy analyzing inflation during 1951-1973 (Ph.D.). MIT. Retrieved 30 May 2017.

[4] Mishkin, Frederic Stanley (1976). Illiquidity, the demand for consumer durables, and monetary policy (Ph.D.). MIT. Retrieved 24 May 2017.

[5] Sheffrin, Steven M. (1976). Rational expectations and employment fluctuations (Ph.D.). MIT. Retrieved 31 May 2017.

[6] Blanchard, Olivier (1977). Two essays on economic fluctuations (Ph.D.). MIT. Retrieved 1 February 2017.

[7] Bernanke, Ben (1979). Long-term commitments, dynamic optimization, and the business cycle (PDF) (PhD). Massachusetts Institute of Technology. Retrieved 23 October 2016.

[8] Ueda, Kazuo (1980). Dynamic Interactions Between Trade Flows and Exchange rates (Ph.D.). MIT. Retrieved 24 April 2024.

[9] Hsieh, David Arthur (1981). Expectations and efficiencies in international markets (Ph.D.). MIT. Retrieved 27 May 2017.

[10] West, Kenneth D. (1983). Inventory models and backlog costs : an empirical investigation (PDF) (Ph.D.). MIT. Retrieved 16 March 2017.

[11] "A Profile of Stanley Fischer". GREG MANKIW'S BLOG. September 19, 2016.

[12] Miron, Jeffrey Alan (1984). The economics of seasonal time series (Ph.D.). MIT. Retrieved 27 May 2017.

[13] Bils, Mark (1985). Essays on the cyclical behavior of cost and price (Ph.D.). MIT. Retrieved 27 May 2017.

[14] Romer, David (1985). General equilibrium analysis of government financial policies (Ph.D.). MIT. Retrieved 24 May 2017.

[15] Caballero, Ricardo J. (1988). The Stochastic Behavior of Consumption and Savings (PDF) (Ph.D.). MIT. Retrieved 17 October 2016.

[16] "Michael Kuehlwein". The Mathematics Genealogy Project. Retrieved 27 August 2021.

[17] Sheets, D. Nathan (1993). Essays in intersectoral economics: exchange rates, public capital and productivity (Ph.D.). MIT. hdl:1721.1/12708. Retrieved 27 May 2017.

[18] Goldfajn, Ilan (1995). On public debt and exchange rates (Ph.D.). MIT. hdl:1721.1/11082. Retrieved 25 May 2017.

[SMH-Dec12-19] Stanley Fischer firms as top choice to become US Fed vice, The Sydney Morning Herald, via Bloomberg News, December 12, 2013.

[20] Ewing, Jack (12 June 2011). "Bank of Israel Chief Enters Race to Lead I.M.F". The New York Times.

[21] Fleming, Sam (13 February 2019). "Former Fed vice-chair Stanley Fischer to join BlackRock". Financial Times.

[22] "Stanley Fischer submits resignation as a member of the Board of Governors, effective on or around October 13, 2017". Board of Governors of the Federal Reserve System. Retrieved 2017-09-06.

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Stanley Fischer


20th Vice Chair of the Federal Reserve
In office June 16, 2014 – October 13, 2017
President	Barack Obama Donald Trump
Preceded by	Janet Yellen
Succeeded by	Richard Clarida
Member of the Board of Governors of the Federal Reserve
In office May 21, 2014 – October 13, 2017
President	Barack Obama Donald Trump
Preceded by	Ben Bernanke
Succeeded by	Michelle Bowman
8th Governor of the Bank of Israel
In office May 1, 2005 – June 30, 2013
Prime Minister	Ariel Sharon Ehud Olmert Benjamin Netanyahu
Preceded by	David Klein
Succeeded by	Karnit Flug
6th First Deputy Managing Director of the International Monetary Fund
In office September 1, 1994 – August 31, 2001
Managing Director	Michel Camdessus Horst Köhler
Preceded by	Richard Erb
Succeeded by	Anne Osborn Krueger
3rd Chief Economist of the World Bank
In office January 1988 – August 1990
President	Barber Conable
Preceded by	Anne Osborn Krueger
Succeeded by	Lawrence Summers

Personal details
Born	(1943-10-15) October 15, 1943 (age 80) Mazabuka, Northern Rhodesia (now Zambia)
Spouse	Rhoda Keet (died 2020)
Children	3
Education	London School of Economics (BSc, MSc) Massachusetts Institute of Technology (PhD)
Signature


Academic career
Field	Macroeconomics
School or tradition	New Keynesian economics
Doctoral advisor	Franklin M. Fisher^[1]
Doctoral students	Zvi Bodie^[2] Isher Judge Ahluwalia^[3] Frederic Mishkin^[4] Steven M. Sheffrin^[5] Olivier Blanchard^[6] Ben Bernanke^[7] Kazuo Ueda^[8] David Hsieh^[9] Kenneth D. West^[10] Greg Mankiw^[11] Jeffrey Miron^[12] Mark Bils^[13] David Romer^[14] Ricardo J. Caballero^[15] Michael Kuehlwein^[16] D. Nathan Sheets^[17] Ilan Goldfajn^[18]