Randall Wright

Senior Fellow

Randall Wright is a Senior Fellow in the Cato Institute’s Center for Monetary and Financial Alternatives, the Ray B. Zemon Professor of Liquid Assets in the Department of Finance, Investment and Banking at the Wisconsin School of Business, as well as a Professor in Wisconsin’s Department of Economics. He previously held faculty positions at the University of Pennsylvania and Cornell, and was a National Fellow at Stanford’s Hoover Institution. He is currently a consultant for the Federal Reserve Banks of Minneapolis and Chicago, a Research Associate at the National Bureau of Economic Research, and a Fellow of the Econometric Society and Society for the Advancement of Economic Theory.

Professor Wright is well known for his work on monetary, macro and labor economics, with over 100 publications. From 1998 to 2008, he was the Editor of International Economic Review, and is currently Associate Editor at Journal of Economic Theory and Advisory Editor at Macroeconomic Dynamics. Together with Nobuhiro Kiyotaki and various other coauthors, he has been a leading developer and proponent of search‐​theory based models of monetary exchange, designed to explicitly represent the exchange frictions responsible for the existence of money, banks, and related institutions.

Wright has a B.A. (Economics) from University of Manitoba, a Ph.D. (Economics) from University of Minnesota, and an M.A. (Honorary) from University of Pennsylvania.