NBER Director John Lipsky to the IMF

NBER Director-at-Large John Lipsky, who was elected to the Board in 1998 and became a member of the Executive Committee in 2002, will become first deputy managing director of the International Monetary Fund on September 1. Lipsky succeeds Anne O. Krueger, an NBER Research Associate and international economist, in that position. Lipsky is currently vice chairman of J.P.Morgan Chase & Company, but worked at the IMF earlier in his career, from 1974-84. In 1984 he joined Salomon Brothers, where he spent 13 years. He then moved to Chase Manhattan Bank, serving as Chief Economist for three years. He was appointed chief economist of J.P. Morgan Chase when the two banks merged.