Randall Wright
- January 5, 2024
- Economist
Quick Facts
Randall Wright Biography
| Name | Randall Wright |
| Birthday | Aug 4 |
| Birth Year | 1956 |
| Place Of Birth | Winnipeg |
| Home Town | Manitoba |
| Birth Country | Canada |
| Birth Sign | Leo |
Randall Wright is one of the most popular and richest Economist who was born on August 4, 1956 in Winnipeg, Manitoba, Canada. Randall D. Wright, born August 4, 1956 in Canada, is an academic macroeconomist. He was instrumental in the development and application of matching theory.
Wright served as editor of the International Economic Review 1998-2008, and on the Board of Editors of American Economic Review 1998-2000.
Wright is an academic as well as a Research Associate at Federal Reserve Bank of Cleveland and Federal Reserve Bank of Philadelphia. He also works for the Bank of Canada (NBER), Pantheon-Assas University, and the Bank of Canada. Wright was elected Fellow of the Econometric Society (1997).
Randall Wright Net Worth
| Net Worth | $5 Million |
| Source Of Income | Economist |
| House | Living in own house. |
Randall Wright is one of the richest Economist from Canada. According to our analysis, Wikipedia, Forbes & Business Insider, Randall Wright 's net worth $5 Million. (Last Update: December 11, 2023)
Wright received a B.A. Wright received a B.A. in Economics from the University of Manitoba in 1979, and a Ph.D. at the University of Minnesota Economics in 1986. He was honored with an honorary M.A. In 1990, he was awarded an honorary M.A. by the University of Pennsylvania. From 1984 to 1987, his first position was that of Assistant Professor at Cornell. After that, he moved to Pennsylvania where he was made a full professor and later became the James Joo Jin Kim Professor of Economics. Wright was appointed to the Economics Department of University of Wisconsin-Madison in 2009. Wright is also the Ray B. Zemon Chair for Liquid Assets at the Wisconsin School of Business’ Department of Finance, Investment and Banking.
Wright and Kiyotaki (1989) were the first to attempt to use a search theory model to endogenously identify which commodities would be exchangeable. Commodity money. Kiyotaki (1991) developed a search-based alternative model that proved that fiat money could be valued even though it had a lower rate of return than other assets. These theories were applied by Kiyotaki (1993), who created a model of exchange that captured the “double coincidence problem” in a pure-barter system. The essential function of money in this model is its function as a medium for exchange. This model can be used for monetary economics issues such as the interaction of specialization and money exchange and the possibility to equilibria between multiple fiat currencies.
A shortcoming of search-theoretic models of money is that these models becomes intractable without very strong assumptions, and are therefore impractical for the analysis of monetary policy. Wright and Ricardo Lagos (2005) attempt to overcome this shortcoming by proposing a more general, yet still tractable, framework for the analysis of monetary policy.
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Facts & Trivia
Randall Ranked on the list of most popular Economist. Also ranked in the elit list of famous people born in Canada. Randall Wright celebrates birthday on August 4 of every year.