Influential economist Stanley Fischer dies

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Stanley Fisher, a former top policy maker from the US Federal Reserve and Israel’s bank, died at the age of six.

Former Vice-Chairman of Fed, Fisher, also served in the IMF, where he worked on the Asian and Russian crisis in the late 1990s as the first deputy managing director. He also served as the Chief Economist of the World Bank.

The death of Fisher on Sunday was announced by the Bank of Israel, where he served as the governor from 20 to 25. President of the country, Isaac Herzog, paid homage to him as a “world -class professional, a heart of gold”.

Although he earned some senior positions in the global economy, his academic and teaching work at the Massachusetts Institute of Technology was no less important.

Former European Central Bank President Mario Draghi and former Fed Chair Ben Bernan were among the students whose PhD research articles helped to supervise.

“The human level of Stan’s work was as impressive and influential as the human level of Stan’s work,” said Mohammad El-Iranz, president of Queens College Cambridge, and Alianz’s chief economic dimensions.

“This quality was consistently clear – in his method of reforming separate countries, he has contributed to his extensive, sustainable and only peace or international economic discipline in the Middle East.”

Born in Zambia in the 9th decade when it was a protractorate in the UK, Fisher, Fisher, the son of Philip, Latvia’s Jewish immigrant who owns a country store in Mazabuka, and An, who was born on Cape Town and was a Lithuanian immigrant.

Farmers recalled that the farmers grew around with the influence of Colon Povivism in his upbringing after Fisha. “I am a product in the British Empire, no question about it,” he told the Financial Times in 20 2017. His family later moved to southern Rhodesia, where he learned of his future wife, Roda, who died in 2021.

Fisher studied the economy at the London School of Economics, launched an academic career that took him to MIT, where he got a PhD in the economy in 999 and finally a professor.

In the 1970s, his academic work was proved as groundbreaking because he created the idea that activist central banks could encourage the economy, becoming the top personality in the new Kinsian economy. His published work included the dominant book Machetic economyRudy co-authored with Dornbush and Richard Startz.

He joined the World Bank before becoming the second officer in the IMF working under Michelle Camdesus in the 5th. His period in the fund proved to be a turmoil with the emerging market crisis explosion of the 1990s.

He later moved to the City Group, where he served as Vice-President. Dual US-Israeli citizens, Fisher joined Israel’s bank in the 21st, where he helped the country to drive through the turmoil of global financial crisis that began in the decade.

He joined the Fed in the 21st, working on the board under Janet Yenlen. His period was characterized by internal disagreements over interest rates on interest rates, because Fisher was in favor of the Bajpakhi method in the policy than Yelle.

He was the first Trump administration to take power in 2017 Vocal The risk of financial control is being thrown in the opposite direction, something he describes as “extremely dangerous and extremely short vision.”

Fisher said at the time, “I had a picture of the global economy where the United States was an anchor, not the source of instability.”

Fisher resigned from his position in late Fisher 2017, more than six months before the post ended by President Donald Trump in a letter that his departure was for personal reasons.

At that time Lawrence Summers, the former Treasury Secretary of the United States, Wrote “His teaching, writing, advice, and top stans, have influenced the global money like anybody of the past generation”.

Former IMF chief economist Olivia’s Blanchrd paid homage to Fisher on social media on Sunday: “He was an outstanding economist, an outstanding policy maker, but more importantly, a great man.”