Richard Clarida
American economist
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Economics
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(Suggest an Edit or Addition)According to Wikipedia, Richard Harris Clarida is an American economist who served as the 21st Vice Chair of the Federal Reserve from 2018 to 2022. Clarida resigned his post on January 14, 2022, to return from public service leave to teach at Columbia University for the spring term of 2022. He 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. He is notable for his contributions to dynamic stochastic general equilibrium theory and international monetary economics. He is a former Assistant Secretary of the Treasury for Economic Policy and is a recipient of the Treasury Medal. He also was a proponent of the theory that inflation was transitory during the COVID-19 pandemic.
Richard Clarida's Published Works
Published Works
- The Science of Monetary Policy: A New Keynesian Perspective (1999) (5469)
- Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory (1998) (4863)
- Monetary Policy Rules in Practice: Some International Evidence (1997) (2594)
- Board of Governors of the Federal Reserve System (2002) (1387)
- Sources of Real Exchange Rate Fluctuations: How Important are Nominal Shocks? (1994) (923)
- A Simple Framework for International Monetary Policy Analysis (2002) (780)
- Optimal Monetary Policy in Open versus Closed Economies: An Integrated Approach (2001) (611)
- How the Bundesbank Conducts Monetary Policy (1996) (573)
- G7 Current Account Imbalances: Sustainability and Adjustment (2006) (260)
- The Term Structure of Forward Exchange Premiums and the Forecastability of Spot Exchange Rates: Correcting the Errors (1993) (185)
- Currency Carry Trade Regimes: Beyond the Fama Regression (2009) (178)
- The Dollar and Real Interest Rates (1987) (173)
- Is Bad News About Inflation Good News for the Exchange Rate? (2007) (165)
- The Role of Asymmetries and Regime Shifts in the Term Structure of Interest Rates (2005) (131)
- Co-Integration, Aggregate Consumption, and the Demand for Imports: A Structural Econometric Investigation (1991) (124)
- The Term Structure of Euromarket Interest Rates: an Empirical Investigation (1986) (102)
- Japan, China, and the U.S. Current Account Deficit (2005) (79)
- International Lending and Borrowing in a Stochastic, Stationary Equilibrium (1990) (78)
- Are There Thresholds of Current Account Adjustment in the G7? (2006) (75)
- What Has—and Has Not—Been Learned about Monetary Policy in a Low‐Inflation Environment? A Review of the 2000s (2012) (64)
- Government, Trade, and Comparative Advantage (1992) (55)
- Consumption, Liquidity Constraints and Asset Accumulation in the Presence of Random Income Fluctuations (1987) (54)
- International Capital Mobility, Public Investment and Economic Growth (1993) (52)
- Aggregate Stochastic Implications of the Life Cycle Hypothesis (1991) (48)
- The real exchange rate and US manufacturing profits: a theoretical framework with some empirical support (1997) (47)
- The Behavior of U.S. Short-Term Interest Rates Since October 1979 (1984) (47)
- NBER international seminar on macroeconomics (2006) (44)
- Nonlinear permanent – temporary decompositions in macroeconomics and finance* (2003) (41)
- Entry, Dumping, and Shakeout (1991) (37)
- G3 Exchange Rate Relationships: A Recap of the Record and a Review of Proposals for Change (1999) (36)
- Consumption, Import Prices, and the Demand for Imported Consumer Durables: A Structural Econometric Investigation (1996) (32)
- Policy Brief Monetary Policy with Abundant Liquidity : A New Operating Framework for the Federal Reserve (2014) (22)
- Fiscal Stance and the Real Exchange: Some Empirical Estimates (1999) (21)
- Why Have Short-Term Interest Rates Been So High? (1983) (21)
- The Global Factor in Neutral Policy Rates: Some Implications for Exchange Rates, Monetary Policy, and Policy Coordination (2017) (21)
- Monetary Policy in Open Economies: Practical Perspectives for Pragmatic Central Bankers (2014) (21)
- Reflections on Monetary Policy in the Open Economy (2009) (20)
- Endogenous Comparative Advantage, Government, and the Pattern of Trade (1991) (19)
- A Structural Estimation and Interpretation of the New Keynesian Macro Model (2003) (19)
- Richard H Clarida: The Federal Reserve's review of its monetary policy strategy, tools, and communication practices (2019) (18)
- Conditional Projection by Means of Kalman Filtering (1984) (16)
- NBER International Seminar on Macroeconomics 2007 (2009) (15)
- After Maastricht: Public Investment, Economic Integration, and International Capital Mobility (1994) (13)
- Real Exchange Rate and U.S. Manufacturing Profits: Theoretical Framework with Some Empirical Support (1992) (12)
- The Fed is Ready to Raise Rates: Will Past be Prologue? (2015) (11)
- Household Saving and Permanent Income in Canada and the United Kingdom (1987) (11)
- The Real Exchange Rate, Exports, and Manufacturing Profits: A Theoreti- Cal Framework with Some Empirical Support (1991) (10)
- G-3 Exchange-Rate Relationships: A Review of the Record and of Proposals for Change (2000) (10)
- Dual Inflation and the Real Exchange Rate in New Open Economy Macroeconomics [with Comments] (2005) (9)
- The COVID-19 Crisis and the Federal Reserve's Policy Response (2021) (8)
- The Term Structure Of Euromarket Interest Rates: Some New Evidence (2004) (8)
- Recent G3 Current Account Imbalances: How Important are Structural Factors? (1999) (8)
- The Simple Geometry of Transmission and Stabilization in Closed and Open Economies [with Comments] (2007) (7)
- G7 Current Account Imbalances (2007) (7)
- NBER International Seminar on Macroeconomics 2010: Comment on "Evolving Perceptions of Central Bank Credibility: The ECB Experience" (2010) (6)
- International Lending and Borrowing in a Stochastic Sequence Equilibrium (1986) (5)
- Introduction to "G7 Current Account Imbalances: Sustainability and Adjustment" (2007) (5)
- Hot Tip: Nominal Exchange Rates and Inflation Indexed Bond Yields (2013) (4)
- The global financial crisis (2011) (4)
- Exchange rate and monetary policy issues (2001) (4)
- That Trade Deficit, Protectionism and Policy Coordination (1989) (3)
- US Manufacturing and the Deindustrialisation Debate (1993) (3)
- Richard H Clarida: Monetary policy, price stability, and equilibrium bond yields - success and consequences (2019) (3)
- The Balance of Payments Adjustment Mechanism in a Rational Expectations Equilibrium (1986) (3)
- Endogenous Monetary Policy Regime Change [with Comments] (2006) (3)
- NONLINEAR PERMANENT - TEMPORARY (2003) (2)
- AreThereThresholdsof Current Account Adjustment in theG7 (2005) (2)
- Sustaining Maximum Employment and Price Stability: a speech at the Economic Club of New York, New York, New York, May 30, 2019 (2019) (2)
- On the Stochastic Steady-State Behavior of Optimal Asset Accumulation in the Presence of Random Wage Fluctuations and Incomplete Markets (1984) (2)
- The Behavior of U.S. Short-Term Interest Rates Since 1979-10 (1986) (2)
- The Federal Reserve's Review of Its Monetary Policy Strategy, Tools, and Communication Practices, a speech at "The Bank of Finland Conference on Monetary Policy and Future of EMU [Economic and Monetary Union]," Helsinki, Finland, July 1, 2019 (2019) (2)
- The Term Structure of Euromarket (2002) (2)
- Models, Markets, and Monetary Policy : a speech at the Hoover Institution Monetary Policy Conference \\"Strategies for Monetary Policy,\\" Stanford University, Stanford, California, May 3, 2019 (2019) (2)
- An Independent Evaluation of Monetary Policy in Norway (2010) (2)
- Current Account, Exchange Rate, and Monetary Dynamics in a Stochastic Equilibrium Model (1984) (2)
- The Dog that Didn't Bark - and the One that Did (2009) (2)
- 2 Reflections on Monetary Policy Choices in the Open Economy : Implications from an Optimizing Model (2007) (2)
- Comment on "The Output Composition Puzzle: A Difference in the Monetary Transmission Mechanism in the Euro Area and U.S." (2004) (2)
- U.S. Economic Outlook and Monetary Policy : A speech at the 36th Annual NABE Economic Policy Conference, Washington, D.C., February 25, 2020. (2020) (1)
- Is Poland the Next Spain? [with Comments] (2004) (1)
- Anything about the Conduct of Monetary Policy? (2010) (1)
- Perspectives on global monetary policy coordination, cooperation and correlation (2022) (1)
- Permanent Income, Import Prices, and the Demand for Imported Consumer Durbales: A Structural Econometric Investigation (1993) (1)
- Comment on Optimal Central Bank Areas, Financial Intermediation, and Mexican Dollarization (2001) (1)
- Comment on "The Simple Geometry of Transmission and Stabilization in Closed and Open Economies" (2009) (1)
- Introduction (2004) (1)
- The Federal Reserve's Review of Its Monetary Policy Strategy, Tools, and Communication Practices: a speech at the "Fed Listens: Distributional Consequences of the Cycle and Monetary Policy" Conference hosted by the Opportunity and Inclusive Growth..., April 9, 2019 (2019) (1)
- THE CHANGING EFFECT OF INFLATION ON FINANCIAL RETURNS (1984) (1)
- A model of liquidity overhang (1993) (1)
- U.S. Economic Outlook and Monetary Policy: a speech at the Foreign Policy Association, New York, New York, June 16, 2020. (2020) (0)
- Richard H Clarida: Data dependence and US monetary policy (2018) (0)
- U.S. Economic Outlook and Monetary Policy : a speech at \\"Late Cycle Investing: Opportunity and Risk\\" Fixed-Income Management 2019, a conference sponsored by the CFA Institute and the CFA Society of Boston, Boston, Massachusetts, October 18, 2019. (2019) (0)
- Richard H Clarida: US economic outlook and monetary policy (2020) (0)
- Introductory Remarks : a speech at \\"Nontraditional Data, Machine Learning, and Natural Language Processing in Macroeconomics,\\" a research conference sponsored by the Federal Reserve Board, Washington, D.C., October 1, 2019 (2019) (0)
- Introduction to "NBER International Seminar on Macroeconomics 2007" (2009) (0)
- The Federal Reserve’s Review of Its Monetary Policy Strategy, Tools, and Communication Practices: A speech at \\"Fed Policy: A Shadow Review\\" Cato Institute’s 37th Annual Monetary Conference, Washington, D.C., November 14, 2019 (2019) (0)
- Front matter, acknowledgment, table of contents (2007) (0)
- Introduction (2007) (0)
- Outlook for the U.S. Economy and Monetary Policy: a speech at Peterson Institute for International Economics, Washington, D.C (2018) (0)
- Richard H Clarida: Monetary policy outlook for 2019 (2019) (0)
- Comment on "The Feldstein-Horioka Fact" (2010) (0)
- NBER WORKING PAPER SERIES IDENTIFYING TAYLOR RULES IN MACRO-FINANCE MODELS (2015) (0)
- Richard H Clarida: Introductory remarks -"Nontraditional Data, Machine Learning, and Natural Language Processing in Macroeconomics" (2019) (0)
- Richard H Clarida: Global shocks and the US economy (2019) (0)
- Comment (2010) (0)
- 8 Currency Carry Trades (2011) (0)
- The Federal Reserve’s Review of Its Monetary Policy Strategy, Tools, and Communication Practices : A speech at \\"Fed Listens: A Capstone Roundtable\\" hosted by the Federal Reserve Bank of New York, New York, New York, May 20, 2019 (2019) (0)
- U.S. Economic Outlook and Monetary Policy: a speech at the New York Association for Business Economics, New York, New York (via webcast), May 21, 2020 (2020) (0)
- JEL Classification : E 0 , E 5 Keywords : monetary policy , credibility , stabilization , new Keynesian models (1999) (0)
- Richard H Clarida: Outlook for the US economy and monetary policy (2018) (0)
- Introduction (2011) (0)
- Monetary Policy, Price Stability, and Equilibrium Bond Yields: Success and Consequences : a speech at the High-Level Conference on Global Risk, Uncertainty, And Volatility, co-sponsored by the Bank for International Settlements, the Board of Governors of ..., November 12, 2019 (2019) (0)
- Richard H Clarida: Sustaining maximum employment and price stability (2019) (0)
- The Factor Content of Equilibrium Exchange Rates (2018) (0)
- The United States, Japan, and the Global Economy : a speech at the Japan Society, New York, New York, November 1, 2019 (2019) (0)
- SociologyStandards of Social Research (2003) (0)
- Share and Share Alike (2016) (0)
- U.S. Economic Outlook and Monetary Policy : a speech at the Washington Policy Summit sponsored by Institute of International Finance, Washington, D.C., April 11, 2019 (2019) (0)
- Global Sources of Portable Alpha, Associated Risks, and Active Management (2015) (0)
- NBER International Seminar on Macroeconomics 2011: Comment on "Nontraded Goods Prices, Terms of Trade and International Risk-Sharing: An Empirical Investigation" (2011) (0)
- Real Interest Differentials and Macro Fundamentals: Empirical Estimates (1996) (0)
- What were they thinking? Reports from interviews with senior finance Les Coleman and Sean Pinder (2014) (0)
- Richard H Clarida: Models, markets, and monetary policy (2019) (0)
- International Financial Adjustment in a Canonical Open Economy Growth Model (2016) (0)
- Norges Bank Watch 2010 (2010) (0)
- Comment (2012) (0)
- NBER International Seminar on Macroeconomics 2010, Volume 7 (2009) (0)
- Richard H Clarida: Financial markets and monetary policy - is there a hall of mirrors problem? (2020) (0)
- Data Dependence and U.S. Monetary Policy: a speech at The Clearing House and The Bank Policy Institute Annual Conference, New York, New York (2018) (0)
- Monetary Policy Outlook for 2019 : a speech at the Money Marketeers of New York University, New York, New York, January 10, 2019 (2019) (0)
- Front matter, table of contents, abstracts (2006) (0)
- Remarks on next steps in the international financial architecture (2004) (0)
- Richard H Clarida: The United States, Japan, and the global economy (2019) (0)
- Comment (2011) (0)
- Comment on "Dual Inflation and the Real Exchange Rate in New Open Economy Macroeconomics" (2005) (0)
- The Federal Reserve’s Review of Its Monetary Policy Strategy, Tools, and Communication Practices : A speech at \\"New England Perspectives on Fed Policymaking: A 'Fed Listens' Conference\\" hosted by the Federal Reserve Bank of Boston, Boston, Massachusetts, May 13, 2019 (2019) (0)
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