Richard H. Clarida

Professor of Economics and International Affairs
Columbia University

Richard H. Clarida is the C. Lowell Harriss Professor of Economics at Columbia University. From February 2002 until May 2003, Clarida served in the Administration of President George W. Bush as the Assistant Secretary of the Treasury for Economic Policy, a position that required nomination by President Bush and confirmation by the US Senate. In that position, he served as Chief Economist for the Treasury Department, reporting directly to the Treasury Secretary, and advising him on a wide range economic policy issues, including the US and global economic prospects, international capital flows, corporate governance, and the maturity structure of US debt. On May 12, 2003 Treasury Secretary John Snow presented Clarida with The Treasury Medal in recognition for his record of outstanding service to the Treasury Department. From 1997 until he entered the Bush Administration, Clarida was the chairman of the Department of Economics at Columbia University. Earlier in his career, Clarida taught at Yale University, and served in the Administration of President Ronald Reagan as Senior Staff Economist with the President's Council of Economic Advisers.

Clarida has published numerous articles in leading academic journals on monetary policy, exchange rates, interest rates, and international capital flows. He is frequently invited to present his views and research to the world's leading central banks, including the Federal Reserve, the ECB, and the Bank of England. He has also served as a consultant to several prominent financial firms, including the Global Foreign Exchange Group at Credit Suisse First Boston and Grossman Asset Management. Since July 2003, Clarida has advised the Clinton Group, a new York investment advisor, on economic strategy. He is a member of the Council on Foreign Relations and the National Bureau of Economic Research. Clarida is director of the NBER Project on G7 Current Account Imbalances.

Clarida graduated with highest honors from the University of Illinois in 1979 and received both his Masters degree and Ph.D. in Economics from Harvard University in 1983. He is married with two children and lives in Southport CT.