Stanley Fischer

Stanley Fischer
סטנלי פישר
Official portrait, 2014
20th Vice Chair of the Federal Reserve
In office
June 16, 2014 – October 13, 2017
PresidentBarack Obama
Donald Trump
Preceded byJanet Yellen
Succeeded byRichard Clarida
Member of the Board of Governors of the Federal Reserve
In office
May 21, 2014 – October 13, 2017
PresidentBarack Obama
Donald Trump
Preceded byBen Bernanke
Succeeded byMichelle Bowman
8th Governor of the Bank of Israel
In office
May 1, 2005 – June 30, 2013
Prime MinisterAriel Sharon
Ehud Olmert
Benjamin Netanyahu
Preceded byDavid Klein
Succeeded byKarnit Flug
6th First Deputy Managing Director of the International Monetary Fund
In office
September 1, 1994 – August 31, 2001
Managing DirectorMichel Camdessus
Horst Köhler
Preceded byRichard Erb
Succeeded byAnne Osborn Krueger
3rd Chief Economist of the World Bank
In office
January 1988 – August 1990
PresidentBarber Conable
Preceded byAnne Osborn Krueger
Succeeded byLawrence Summers
Personal details
Born(1943-10-15)October 15, 1943
Mazabuka, Northern Rhodesia
DiedMay 31, 2025(2025-05-31) (aged 81)
Lexington, Massachusetts, U.S.
Spouse(s)
Rhoda Keet
​
​
(m. 1965; died 2020)​
Children3
EducationLondon School of Economics (BSc, MSc)
Massachusetts Institute of Technology (PhD)
Signature
Academic career
FieldMacroeconomics
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]

Stanley Fischer (Hebrew: סטנלי פישר; October 15, 1943 – May 31, 2025) was an Israeli-American economist. He was the 20th Vice Chair of the Federal Reserve from 2014 to 2017. Fisher was the 8th governor of the Bank of Israel from 2005 to 2013. He is a citizen of both Israel and the United States.[19]

He was First Deputy Managing Director of the International Monetary Fund and Chief Economist of the World Bank.[20]

On January 10, 2014, President Barack Obama nominated Fischer to be Vice-Chairman of the US Federal Reserve Board of Governors.

On September 6, 2017, Stanley Fischer announced that he was resigning as Vice-Chairman for personal reasons on October 13, 2017.[21]

Fischer died on May 31, 2025 at his home in Lexington, Massachusetts from problems caused by Alzheimer's disease, aged 81.[22][23]

References

  1. ↑ Fisher, Stanley (1969). Essays on assets and contingent commodities (Ph.D.). MIT. hdl:1721.1/13873. Retrieved May 25, 2017.
  2. ↑ Bodie, Zvi (1975). Hedging against inflation (Ph.D.). MIT. Retrieved May 23, 2017.
  3. ↑ Ahluwalia, Isher Judge (1976). A macro-econometric model of the Indian economy analyzing inflation during 1951-1973 (Ph.D.). MIT. Retrieved May 30, 2017.
  4. ↑ Mishkin, Frederic Stanley (1976). Illiquidity, the demand for consumer durables, and monetary policy (Ph.D.). MIT. Retrieved May 24, 2017.
  5. ↑ Sheffrin, Steven M. (1976). Rational expectations and employment fluctuations (Ph.D.). MIT. Retrieved May 31, 2017.
  6. ↑ Blanchard, Olivier (1977). Two essays on economic fluctuations (Ph.D.). MIT. Retrieved February 1, 2017.
  7. ↑ Bernanke, Ben (1979). Long-term commitments, dynamic optimization, and the business cycle (PDF) (PhD). Massachusetts Institute of Technology. Retrieved October 23, 2016.
  8. ↑ Ueda, Kazuo (1980). Dynamic Interactions Between Trade Flows and Exchange rates (Ph.D.). MIT. Retrieved April 24, 2024.
  9. ↑ Hsieh, David Arthur (1981). Expectations and efficiencies in international markets (Ph.D.). MIT. Retrieved May 27, 2017.
  10. ↑ West, Kenneth D. (1983). Inventory models and backlog costs : an empirical investigation (PDF) (Ph.D.). MIT. Retrieved March 16, 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 May 27, 2017.
  13. ↑ Bils, Mark (1985). Essays on the cyclical behavior of cost and price (Ph.D.). MIT. Retrieved May 27, 2017.
  14. ↑ Romer, David (1985). General equilibrium analysis of government financial policies (Ph.D.). MIT. Retrieved May 24, 2017.
  15. ↑ Caballero, Ricardo J. (1988). The Stochastic Behavior of Consumption and Savings (PDF) (Ph.D.). MIT. Retrieved October 17, 2016.
  16. ↑ "Michael Kuehlwein". The Mathematics Genealogy Project. Retrieved August 27, 2021.
  17. ↑ Sheets, D. Nathan (1993). Essays in intersectoral economics: exchange rates, public capital and productivity (Ph.D.). MIT. hdl:1721.1/12708. Retrieved May 27, 2017.
  18. ↑ Goldfajn, Ilan (1995). On public debt and exchange rates (Ph.D.). MIT. hdl:1721.1/11082. Retrieved May 25, 2017.
  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. ↑ "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.
  22. ↑ Scheer, Steven (2025-06-01). "OBITUARY Stanley Fischer, former Fed vice chair and Bank of Israel chief, dies at 81". Reuters. Retrieved 2025-06-01.
  23. ↑ Hagerty, James R. (June 1, 2025). "Stanley Fischer, Who Helped Defuse Financial Crises, Dies at 81". The New York Times. Retrieved June 1, 2025.


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