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Stanley Fischer

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Stanley Fischer

Stanley Fischer (Hebrew: סטנלי פישר; October 15, 1943 – May 31, 2025) was an American and Israeli 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 held dual citizenship in Israel and the United States. He previously served as First Deputy Managing Director of the International Monetary Fund and as Chief Economist of the World Bank. On January 10, 2014, President Barack Obama nominated Fischer to the position of Vice Chair of the Federal Reserve. On September 6, 2017, Fischer announced that he was resigning as vice-chair for personal reasons effective October 13, 2017. He was a senior advisor at BlackRock.

Infobox

President
Barber Conable
Preceded by
Anne Osborn Krueger
Succeeded by
Lawrence Summers
Prime Minister
Ariel SharonEhud OlmertBenjamin Netanyahu
Managing Director
Michel CamdessusHorst Köhler
Born
(1943-10-15)October 15, 1943Mazabuka, Northern Rhodesia
Died
May 31, 2025(2025-05-31) (aged 81)Lexington, Massachusetts, U.S.
Spouse
mw- Rhoda Keet (m. 1965; died 2020)
Children
3
Education
London School of Economics (BSc, MSc)Massachusetts Institute of Technology (PhD)
Doctoral advisor
Franklin M. Fisher
Discipline
Macroeconomics
School or tradition
New Keynesian economics
Doctoral students
Zvi BodieIsher Judge AhluwaliaFrederic MishkinSteven M. SheffrinOlivier BlanchardBen BernankeKazuo UedaDavid HsiehKenneth D. WestGreg MankiwJeffrey MironMark BilsDavid RomerRicardo J. CaballeroMichael KuehlweinD. Nathan SheetsIlan Goldfajn

Tables

· External links
Preceded byAnne Osborn Krueger
Preceded byAnne Osborn Krueger
Diplomatic posts
Preceded byAnne Osborn Krueger
Diplomatic posts
Chief Economist of the World Bank 1988–1990
Diplomatic posts
Succeeded byLawrence Summers
Preceded byRichard D. Erb
Preceded byRichard D. Erb
Diplomatic posts
Preceded byRichard D. Erb
Diplomatic posts
First Deputy Managing Director of the International Monetary Fund 1994–2001
Diplomatic posts
Succeeded byAnne Osborn Krueger
Government offices
Government offices
Diplomatic posts
Government offices
Preceded byDavid Klein
Preceded byDavid Klein
Diplomatic posts
Preceded byDavid Klein
Diplomatic posts
Governor of the Bank of Israel 2005–2013
Diplomatic posts
Succeeded byKarnit Flug
Preceded byBen Bernanke
Preceded byBen Bernanke
Diplomatic posts
Preceded byBen Bernanke
Diplomatic posts
Member of the Federal Reserve Board of Governors 2014–2017
Diplomatic posts
Succeeded byMichelle Bowman
Preceded byJanet Yellen
Preceded byJanet Yellen
Diplomatic posts
Preceded byJanet Yellen
Diplomatic posts
Vice Chair of the Federal Reserve 2014–2017
Diplomatic posts
Succeeded byRichard Clarida
Diplomatic posts
Preceded byAnne Osborn Krueger
Chief Economist of the World Bank 1988–1990
Succeeded byLawrence Summers
Preceded byRichard D. Erb
First Deputy Managing Director of the International Monetary Fund 1994–2001
Succeeded byAnne Osborn Krueger
Government offices
Preceded byDavid Klein
Governor of the Bank of Israel 2005–2013
Succeeded byKarnit Flug
Preceded byBen Bernanke
Member of the Federal Reserve Board of Governors 2014–2017
Succeeded byMichelle Bowman
Preceded byJanet Yellen
Vice Chair of the Federal Reserve 2014–2017
Succeeded byRichard Clarida

References

  1. Essays on assets and contingent commodities
    https://dspace.mit.edu/handle/1721.1/13873
  2. Hedging against inflation
    http://library.mit.edu/item/000027143
  3. A macro-econometric model of the Indian economy analyzing inflation during 1951-1973
    http://library.mit.edu/item/000036081
  4. Illiquidity, the demand for consumer durables, and monetary policy
    http://library.mit.edu/item/000036096
  5. Rational expectations and employment fluctuations
    http://library.mit.edu/item/000029234
  6. Two essays on economic fluctuations
    http://library.mit.edu/item/000057369
  7. Long-term commitments, dynamic optimization, and the business cycle
    https://dspace.mit.edu/bitstream/handle/1721.1/29839/05915220-MIT.pdf?sequence=2
  8. Dynamic Interactions Between Trade Flows and Exchange rates
    https://mit.primo.exlibrisgroup.com/discovery/fulldisplay?docid=alma990001129680106761&context=L&vid=01MIT_INST:MIT&lang=en&search_scope=all&adaptor=Local%20Search%20Engine&tab=all&query=any,contains,Kazuo%20Ueda&offset=0
  9. Expectations and efficiencies in international markets
    http://library.mit.edu/item/000117075
  10. Inventory models and backlog costs : an empirical investigation
    https://dspace.mit.edu/bitstream/handle/1721.1/15498/11248849-MIT.pdf?sequence=2
  11. "A Profile of Stanley Fischer"
    http://gregmankiw.blogspot.jp/2013/02/a-profile-of-stanley-fischer.html
  12. The economics of seasonal time series
    http://library.mit.edu/item/000219612
  13. Essays on the cyclical behavior of cost and price
    http://library.mit.edu/item/000239735
  14. General equilibrium analysis of government financial policies
    http://library.mit.edu/item/000241700
  15. The Stochastic Behavior of Consumption and Savings
    https://dspace.mit.edu/bitstream/handle/1721.1/99793/20002978-MIT.pdf?sequence=1#page=4
  16. The Mathematics Genealogy Project
    https://www.mathgenealogy.org/id.php?id=207571
  17. Essays in intersectoral economics: exchange rates, public capital and productivity
    https://dspace.mit.edu/handle/1721.1/12708
  18. On public debt and exchange rates
    https://dspace.mit.edu/handle/1721.1/11082
  19. Stanley Fischer firms as top choice to become US Fed vice, The Sydney Morning Herald, via Bloomberg News, December 12, 2
    http://www.smh.com.au/business/world-business/stanley-fischer-firms-as-top-choice-to-become-us-fed-vice-20131212-2z75m.html
  20. The New York Times
    https://www.nytimes.com/2011/06/13/business/global/13fischer.html
  21. "Stanley Fischer submits resignation as a member of the Board of Governors, effective on or around October 13, 2017"
    https://www.federalreserve.gov/newsevents/pressreleases/other20170906b.htm
  22. Financial Times
    https://www.ft.com/content/44bec8bc-2fa8-11e9-ba00-0251022932c8
  23. JNS
    https://www.jns.org/former-bank-of-israel-governor-stanley-fischer-dies-at-81
  24. The New York Times
    https://www.nytimes.com/2025/06/01/business/stanley-fischer-dead.html
  25. The Washington Post
    https://www.washingtonpost.com/news/wonk/wp/2013/02/15/stan-fischer-saved-israels-economy-can-he-save-americas/
  26. Federal Reserve
    https://www.federalreserve.gov/newsevents/speech/fischer20160307a.htm
  27. Stanley Fischer at the Mathematics Genealogy Project
    https://mathgenealogy.org/id.php?id=137386
  28. Stanley Fischer, former Israeli central bank chief and US Federal Reserve vice chair, dies at 81
    https://www.ynetnews.com/business/article/hyi11g11kmex
  29. MIT News
    https://news.mit.edu/2025/stanley-fischer-towering-figure-economics-dies-0603
  30. Stanley Fischer (1977) Long-Term Contracts, Rational Expectations, and the Optimal Money Supply Rule Journal of Politica
    https://www.jstor.org/stable/1828335?origin=JSTOR-pdf
  31. The Theory of New Classical Macroeconomics. A Positive Critique
    https://doi.org/10.1007%2F978-3-319-17578-2
  32. Binyamim Appelbaum (December 12, 2013). "Young Stanley Fischer and the Keynesian Counterrevolution New York Times. Retri
    https://economix.blogs.nytimes.com/2013/12/12/young-stanley-fischer-and-the-keynesian-counterrevolution/
  33. Dylan Matthews (January 13, 2014) Stanley Fischer saved Israel from the Great Recession. Now Janet Yellen wants him to h
    https://www.washingtonpost.com/blogs/wonkblog/wp/2014/01/13/stanley-fischer-saved-israel-from-the-great-recession-now-janet-yellen-wants-him-to-help-save-the-u-s/
  34. "Humanitas Visiting Professorship in Economic Thought" Archived May 12, 2013, at the Wayback Machine, Institute for Stra
    http://www.strategicdialogue.org/events/items/humanitas-economic-fischer
  35. "Stanley Fischer, Fed Nominee, Has Long History of Policy Leadership", New York Times, March 12, 2014.
    https://www.nytimes.com/2014/03/13/business/economy/stanley-fischer-fed-nominee-has-long-history-of-policy-leadership.html
  36. Globes
    http://www.globes.co.il/serveen/globes/docview.asp?did=1000556585&fid=942
  37. Wall Street Journal
    https://www.wsj.com/articles/SB10001424052702304259304576380053947526230
  38. "Fischer's Age, Nationality Are Hurdles in Bid for IMF Post"
    https://web.archive.org/web/20110614201238/http://www.businessweek.com/news/2011-06-12/fischer-s-age-nationality-are-hurdles-in-bid-for-imf-post.html
  39. Globes
    https://en.globes.co.il/en/article-875656
  40. "Israel's economy most durable in face of crises"
    http://www.ynetnews.com/articles/0,7340,L-3891801,00.html
  41. Haaretz
    https://www.haaretz.com/print-edition/business/israel-central-bank-first-in-developed-world-to-raise-interest-1.282630
  42. Global Finance
    http://www.gfmag.com/tools/best-banks/2479-the-worlds-top-central-bankers-2009.html
  43. "Global Finance Magazine names the World's Top Central Bankers 2010"
    http://www.gfmag.com/tools/best-banks/10618-worlds-top-central-bankers-2010.html
  44. "Lagarde, Carstens shortlisted for IMF race-officials"
    https://www.reuters.com/article/imf-candidates-idUSN1314405820110613
  45. "Stanley Fischer to step down as BOI chief"
    http://www.ynetnews.com/articles/0,7340,L-4338601,00.html
  46. The Washington Post
    https://web.archive.org/web/20130216085905/http://www.washingtonpost.com/blogs/wonkblog/wp/2013/02/15/stan-fischer-saved-israels-economy-can-he-save-americas/
  47. Ha'aretz
    https://www.haaretz.com/news/world/1.567961
  48. The Los Angeles Times
  49. "Larry Lindsey being considered for Fed vice chair job: Sources"
    https://www.cnbc.com/2017/12/21/larry-lindsey-being-considered-for-fed-vice-chair-job-sources.html
  50. Forward Magazine
    https://forward.com/fast-forward/381961/stanley-fischer-quits-no-2-post-at-federal-reserve/
  51. "Stanley Fischer: The Israeli economy"
    http://www.bis.org/review/r060620c.pdf
  52. "Central bank governor of the year 2010: Stanley Fischer's bold moves show the value of experience"
    http://www.euromoney.com/Article/2682278/Central-bank-governor-of-the-year-2010-Stanley-Fischers-bold-moves-show-the-value-of-experience.html?single=true
  53. Lifetime Achievement Award
    https://www.centralbanking.com/awards/7943021/lifetime-achievement-award-stanley-fischer
  54. "Bilderberg 2011 list of participants"
    https://web.archive.org/web/20110828210925/http://www.bilderbergmeetings.org/participants_2011.html
  55. www.thedialogue.org
    https://web.archive.org/web/20200202110127/https://www.thedialogue.org/experts/?iad_experttype=75
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