Joshua D. Rauh, Ph.D.

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Joshua D. Rauh is the Ormond Family Professor of Finance at Stanford’s Graduate School of Business and a senior fellow at the Hoover Institution. He formerly served at the White House where he was Principal Chief Economist on the President's Council of Economic Advisers (2019-2020). He is currently a member of the Congressional Budget Office’s Panel of Economic Advisers (2022-present). Rauh formerly taught financial economics at the University of Chicago’s Booth School of Business (2004–9) and the Kellogg School of Management (2009–12). At the Hoover Institution he has served as Director of Research (2018-19).

Dr. Rauh writes and speaks about the distortionary effects of taxation and big government, the costs of government pension liabilities, and the importance of shareholder capitalism. He has published numerous op-eds on these topics in outlets including the Wall Street Journal, The Hill, and The National Review online, and he has testified before House, Joint, and Joint Select Committees of the United States Congress. His PragerU video “Public Pensions: An Economic Time Bomb” has been viewed over five million times.

He has published numerous journal articles and has received various awards recognizing his scholarship including both the Brattle Prize and the Smith Breeden Prize of the American Finance Association. His academic and policy writings have received media coverage in major outlets including the Wall Street Journal, the New York Times, the Financial Times, and The Economist. His scholarly papers have appeared in journals such as the Journal of Political Economy, the Quarterly Journal of Economics, the Journal of Finance, the Journal of Financial Economics, the Review of Financial Studies, and the Journal of Public Economics. Prior to his academic career, he was an Associate Economist at Goldman Sachs in London.

He received a BA degree in economics, magna cum laude with distinction, from Yale University and a PhD in economics from the Massachusetts Institute of Technology.