Dr. Clarida is an executive vice president in the New York office and PIMCO's global strategic advisor. Since 2008, Dr. Clarida has also been co-head of PIMCO’s official institutions channel, which oversees coverage of the firm's central bank and sovereign wealth fund clients. Prior to joining PIMCO in 2006, he gained extensive experience in Washington as assistant Treasury secretary, in academia as chairman of the economics department at Columbia University, and in the financial markets at Credit Suisse and Grossman Asset Management. He has 14 years of investment experience and holds a Ph.D. in economics from Harvard University. He received his undergraduate degree from the University of Illinois.
Before Nobel laureates Tom Sargent and Chris Sims developed their methods, economists and policymakers had no rigorous way to incorporate expectations into their statistical models.
We see shifting global currency trends potentially easing tension in international trade.
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