John Lipsky currently is the Peterson Distinguished Scholar at the Kissinger Center for Global Affairs of Johns Hopkins University’s Paul H. Nitze School for Advanced International Studies (SAIS). Prior to this, he served as first deputy managing director of the International Monetary Fund from September 1, 2006 to August 31, 2011.
Before coming to the Fund, Mr. Lipsky was vice chairman of JPMorgan Investment Bank. In this position, he advised the firm's principal market risk takers, published independent research on the principal forces shaping global financial markets, was actively engaged with JPMorgan's key clients, and represented the firm around the world with senior public and financial sector decision makers.
Previously, Mr. Lipsky served as JPMorgan's chief economist, and as Chase Manhattan Bank's chief economist and director of research. He served as chief economist of Salomon Brothers, Inc. from 1992 until 1997. From 1989 to 1992, Mr. Lipsky was based in London, where he directed Salomon Brothers' European Economic and Market Analysis Group.
Before joining Salomon Brothers in 1984, he spent a decade at the IMF, where he helped manage the Fund's exchange rate surveillance procedure and analyzed developments in international capital market. He also participated in negotiations with several member countries and served as the Fund's resident representative in Chile during 1978-80.
In 2000, he chaired a Financial Sector Review Group, established by former managing director Horst Köhler, to provide the IMF with an independent perspective on the Fund's work on international financial markets.
Mr. Lipsky's current professional activities include co-chairing the Aspen Institute’s Program on the World Economy, serving on the executive committee of the board of directors of the National Bureau of Economic Research. He also sits on the Advisory Board for Stanford’s Institute for Economic Policy Research, is a member of the Council on Foreign Relations and an Honorary Trustee at the Brooklyn Academy of Music. Prior to joining the IMF as first deputy managing director, Mr. Lipsky served as a director of several corporations and non-profit organizations.
A graduate of Wesleyan University, Mr. Lipsky earned a bachelor’s degree in economics. Subsequently, he was awarded an M.A. and a Ph.D. in economics from Stanford University. He is married to Zsuzsanna Karasz, and they have two daughters and one son.