David Lipton (born November 9, 1953) is an American economist who served as the Acting Managing Director of the International Monetary Fund from July 2, 2019, following Christine Lagarde's nomination as President of the European Central Bank, until Kristalina Georgieva was appointed in the office on October 1, 2019. Prior to this, Lipton had been serving as the IMF's First Deputy Managing Director since September 2011. Lipton has been featured in, and interviewed by, numerous publications including The Financial Times, Euromoney,[1] Bloomberg News,[2] and The Guardian.[3]
David Lipton | |
|---|---|
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| Managing Director of the International Monetary Fund | |
| Acting September 12, 2019 – October 1, 2019 | |
| Preceded by | Christine Lagarde |
| Succeeded by | Kristalina Georgieva |
| Personal details | |
| Born | November 9, 1953 Boston, Massachusetts, U.S. |
| Education | Wesleyan University (BA) Harvard University (MA, PhD) |
Life and work
editDavid Lipton was born on November 9, 1953, in Boston, Massachusetts, and received an undergraduate degree from Wesleyan University in 1975, followed by a PhD in economics from Harvard University in 1982, under the supervision of Jeffrey Sachs.[4] He then started working for the International Monetary Fund,[5] after which he joined Jeffrey Sachs advising governments of transition economies, such as Russia, Poland, and Slovenia, also writing frequently on the topic.[6] He subsequently started working for the Clinton administration in 1993 as Under Secretary of the Treasury for International Affairs, from which position he worked on the Asian financial crisis. Upon leaving the public sector, Lipton joined a hedge fund (Moore Capital Management), followed by a stint at Citi Bank where he became Head of Global Country Risk Management.[7]
Prior to joining the IMF, David Lipton served as Special Assistant to President Barack Obama, while also being part of the National Economic Council and National Security Council at the White House.[8]
In 2021 Lipton was named a senior counselor to Treasury Secretary Janet Yellen, focusing on policy work with US allies and working with the G7 and G20 summits.[9]
References
edit- ^ Furness, Virginia (28 November 2019). "IMF considers benefits of capital flow management in policy re-think". Euromoney. Retrieved 5 December 2019.
- ^ Donahue, Patrick (1 October 2019). "IMF's Lipton Sees Sharper World Slowdown as Trade Tensions Flare". Bloomberg. Archived from the original on 2019-12-05. Retrieved 5 December 2019.
- ^ Partington, Richard (11 December 2018). "IMF warns storm clouds are gathering for next financial crisis". The Guardian. Retrieved 5 December 2019.
- ^ "DAVID LIPTON CONFIRMED AS UNDER SECRETARY FOR INTERNATIONAL AFFAIRS". www.treasury.gov.
- ^ Pearlstein, Steven (October 3, 2015). "The smartest economist you've never heard of" – via www.washingtonpost.com.
- ^ "'Creating a Market Economy in Eastern Europe', Brookings Papers on Economic Activity, Volume 1990, Issue 1, pp. 75-147" (PDF).
- ^ "David Lipton". IMF.
- ^ "Authors". World Economic Forum.
- ^ Hunnicutt, Trevor; Lawder, David (3 February 2021). "U.S. Treasury names officials expected to lead Biden's global tax crackdown". Reuters. Retrieved 28 February 2021.