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{{short description|American economist|bot=PearBOT 5}}
'''David Lipton''' (born 1953) is an American economist who has been serving as the Acting Managing Director of the [[International Monetary Fund]] since July 2, 2019, following [[Christine Lagarde]]'s nomination as President of the [[European Central Bank]]. Prior to this, Lipton had been serving as the IMF's First Deputy Managing Director since September 2011.
{{Infobox officeholder
|name = David Lipton
|image = David Lipton (5062805775) (cropped).jpg
|office = Managing Director of the [[International Monetary Fund]]
|termlabel = Acting
|term_start = September 12, 2019
|term_end = October 1, 2019
|predecessor = [[Christine Lagarde]]
|successor = [[Kristalina Georgieva]]
|birth_date = {{birth date and age|1953|11|9}}
|birth_place = [[Boston]], [[Massachusetts]], U.S.
|death_date =
|death_place =
|education = [[Wesleyan University]] ([[Bachelor of Arts|BA]])<br>[[Harvard University]] ([[Master of Arts|MA]], [[Doctor of Philosophy|PhD]])
}}
'''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]]'',<ref name="Furness">{{cite web |last1=Furness |first1=Virginia |title=IMF considers benefits of capital flow management in policy re-think |url=https://www.euromoney.com/article/b1j6r0cctf7wrh/imf-considers-benefits-of-capital-flow-management-in-policy-re-think |website=Euromoney |date=28 November 2019 |accessdate=5 December 2019 |language=en}}</ref> ''[[Bloomberg News]]'',<ref name="Donahue">{{cite web|last1=Donahue|first1=Patrick|date=1 October 2019|title=IMF's Lipton Sees Sharper World Slowdown as Trade Tensions Flare|url=https://www.bloomberg.com/news/articles/2019-10-01/imf-s-lipton-sees-sharper-world-slowdown-as-trade-tensions-flare|url-status=live|archive-url=https://web.archive.org/web/20191205180937/https://www.bloomberg.com/news/articles/2019-10-01/imf-s-lipton-sees-sharper-world-slowdown-as-trade-tensions-flare |archive-date=2019-12-05 |accessdate=5 December 2019|website=Bloomberg}}</ref> and ''[[The Guardian]]''.<ref name="Partington">{{cite web |last1=Partington |first1=Richard |title=IMF warns storm clouds are gathering for next financial crisis |url=https://www.theguardian.com/business/2018/dec/11/imf-financial-crisis-david-lipton |website=The Guardian |accessdate=5 December 2019 |date=11 December 2018}}</ref>


==Life and work==
David 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]].<ref>{{Cite web|url=https://www.treasury.gov/press-center/press-releases/pages/rr1939.aspx|title=DAVID LIPTON CONFIRMED AS UNDER SECRETARY FOR INTERNATIONAL AFFAIRS|website=www.treasury.gov}}</ref> He then started working for the International Monetary Fund,<ref>{{Cite web|url=https://www.washingtonpost.com/business/the-smartest-economist-youve-never-heard-of/2015/10/02/8659bcf2-6786-11e5-8325-a42b5a459b1e_story.html|title=The smartest economist you’ve never heard of|first=Steven|last=Pearlstein|date=October 3, 2015|via=www.washingtonpost.com}}</ref> after which he joined [[Jeffrey Sachs]] advising governments of transition economies, such as [[Russia]], [[Poland]], and [[Slovenia]], also writing frequently on the topic.<ref>{{Cite web|url=https://www.earth.columbia.edu/sitefiles/file/about/director/pubs/brookings0490.pdf|title='Creating a Market Economy in Eastern Europe', ''Brookings Papers on Economic Activity'', Volume 1990, Issue 1, pp. 75-147.}}</ref> 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.<ref>{{Cite web|url=https://www.imf.org/en/About/senior-officials/Bios/david-lipton|title=David Lipton|website=IMF}}</ref>
David 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]].<ref>{{Cite web|url=https://www.treasury.gov/press-center/press-releases/pages/rr1939.aspx|title=DAVID LIPTON CONFIRMED AS UNDER SECRETARY FOR INTERNATIONAL AFFAIRS|website=www.treasury.gov}}</ref> He then started working for the International Monetary Fund,<ref>{{Cite web|url=https://www.washingtonpost.com/business/the-smartest-economist-youve-never-heard-of/2015/10/02/8659bcf2-6786-11e5-8325-a42b5a459b1e_story.html|title=The smartest economist you've never heard of|first=Steven|last=Pearlstein|date=October 3, 2015|via=www.washingtonpost.com}}</ref> after which he joined Jeffrey Sachs advising governments of transition economies, such as [[Russia]], [[Poland]], and [[Slovenia]], also writing frequently on the topic.<ref>{{Cite web|url=https://www.earth.columbia.edu/sitefiles/file/about/director/pubs/brookings0490.pdf|title='Creating a Market Economy in Eastern Europe', ''Brookings Papers on Economic Activity'', Volume 1990, Issue 1, pp. 75-147.}}</ref> 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.<ref>{{Cite web|url=https://www.imf.org/en/About/senior-officials/Bios/david-lipton|title=David Lipton|website=IMF}}</ref>


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]].<ref>{{Cite web|url=https://www.weforum.org/agenda/authors/david-lipton/|title=Authors|website=World Economic Forum}}</ref>
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]].<ref>{{Cite web|url=https://www.weforum.org/agenda/authors/david-lipton/|title=Authors|website=World Economic Forum}}</ref>

In 2021 Lipton was named a senior counselor to [[United States Secretary of the Treasury|Treasury Secretary]] [[Janet Yellen]], focusing on policy work with US allies and working with the [[Group of Seven|G7]] and [[G20]] summits.<ref>{{cite news |last1=Hunnicutt |first1=Trevor |last2=Lawder |first2=David |title=U.S. Treasury names officials expected to lead Biden's global tax crackdown |url=https://www.reuters.com/article/us-usa-treasury-tax/u-s-treasury-names-officials-expected-to-lead-bidens-global-tax-crackdown-idUSKBN2A330Y |access-date=28 February 2021 |work=Reuters |date=3 February 2021 |language=en}}</ref>


== References ==
== References ==
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{{reflist}}

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{{s-bef|before=[[Christine Lagarde]]}}
{{s-ttl|title=Managing Director of the [[International Monetary Fund]]<br>{{Small|Acting}}|years=2019}}
{{s-aft|after=[[Kristalina Georgieva]]}}
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{{DEFAULTSORT:Lipton, David}}
[[Category:1953 births]]
[[Category:21st-century American economists]]
[[Category:20th-century American economists]]
[[Category:Acting Managing directors of the International Monetary Fund]]
[[Category:Citigroup employees]]
[[Category:Clinton administration personnel]]
[[Category:Economists from Massachusetts]]
[[Category:Harvard University alumni]]
[[Category:Living people]]
[[Category:Living people]]
[[Category:Obama administration personnel]]
[[Category:People from Boston]]
[[Category:United States Department of the Treasury officials]]
[[Category:United States National Security Council staffers]]
[[Category:Wesleyan University alumni]]

Latest revision as of 12:34, 12 January 2024

David Lipton
Managing Director of the International Monetary Fund
Acting
September 12, 2019 – October 1, 2019
Preceded byChristine Lagarde
Succeeded byKristalina Georgieva
Personal details
Born (1953-11-09) November 9, 1953 (age 70)
Boston, Massachusetts, U.S.
EducationWesleyan University (BA)
Harvard University (MA, PhD)

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]

Life and work[edit]

David 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]

  1. ^ Furness, Virginia (28 November 2019). "IMF considers benefits of capital flow management in policy re-think". Euromoney. Retrieved 5 December 2019.
  2. ^ 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.
  3. ^ Partington, Richard (11 December 2018). "IMF warns storm clouds are gathering for next financial crisis". The Guardian. Retrieved 5 December 2019.
  4. ^ "DAVID LIPTON CONFIRMED AS UNDER SECRETARY FOR INTERNATIONAL AFFAIRS". www.treasury.gov.
  5. ^ Pearlstein, Steven (October 3, 2015). "The smartest economist you've never heard of" – via www.washingtonpost.com.
  6. ^ "'Creating a Market Economy in Eastern Europe', Brookings Papers on Economic Activity, Volume 1990, Issue 1, pp. 75-147" (PDF).
  7. ^ "David Lipton". IMF.
  8. ^ "Authors". World Economic Forum.
  9. ^ 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.
Diplomatic posts
Preceded by Managing Director of the International Monetary Fund
Acting
2019 		Succeeded by
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