Joshua D. Rauh, a SIEPR senior fellow and the Ormond Family Professor of Finance at Stanford’s Graduate School of Business, will serve as principal chief economist of President Trump’s Council of Economic Advisers (CEA). His term begins Nov. 4.
The CEA is charged with offering the president objective economic advice on the formulation of both domestic and international economic policy.
"Since 1946, the CEA has assisted and advised the president in matters of economic policy and has played an important role in bridging the academic and policy worlds," Rauh said. "I'm honored to be invited to serve our country at CEA."
Rauh, who is also the director of research at the Hoover Institution, formerly taught at the University of Chicago’s Booth School of Business and the Kellogg School of Management. He has studied corporate investment, business and individual taxation, unfunded pension liabilities, and investment management.
“Josh’s appointment to the CEA demonstrates the importance and value of making good economic policy that’s informed by academic research and analysis,” said John Shoven, SIEPR’s interim director. “We congratulate him on his service and wish him the best as he helps guide the country’s economic course.”
Rauh is a recipient of the Brattle Prize and the Amundi Smith Breeden Prize, both awarded by the American Finance Association. His work has appeared in top academic journals including the Journal of Finance, Quarterly Journal of Economics, Review of Financial Studies, Journal of Financial Economics, Journal of Public Economics, and Journal of Political Economy.
Rauh’s research has received national media coverage in outlets such as the Wall Street Journal, The New York Times, the Financial Times, and The Economist. He has presented his work in numerous academic and public forums and has testified before Congressional committees on unfunded pension liabilities.
Rauh received a BA degree in economics, magna cum laude with distinction, from Yale University and a PhD in economics from the Massachusetts Institute of Technology.