Jay Shambaugh
American academic, economist, and government official
From Wikipedia, the free encyclopedia
Jay Curtis Shambaugh[1] is an American economist who served as Under Secretary of the Treasury for International Affairs at the U.S. Department of the Treasury from 2023 to 2025.[2]
Tufts University (MA)
University of California, Berkeley (PhD)
Jay Shambaugh | |
|---|---|
| |
| Under Secretary of the Treasury for International Affairs | |
| In office January 13, 2023 – January 20, 2025 | |
| President | Joe Biden |
| Preceded by | Brent McIntosh |
| Succeeded by | TBC |
| Personal details | |
| Education | Yale University (BA) Tufts University (MA) University of California, Berkeley (PhD) |
Education
Shambaugh holds a BA from Yale University, a MA from the Fletcher School, and a PhD in economics from the University of California, Berkeley.[3]
Career
Academic
Shambaugh has worked as an instructor at Dartmouth College and Georgetown University. He was also a visiting scholar at the International Monetary Fund. He was a research associate at the National Bureau of Economic Research and was a senior fellow at the Brookings Institution. From 2015 to 2017, Shambaugh was a staff economist on the Council of Economic Advisers.[4] He has since worked as a professor of economics and international affairs at the George Washington University and director of the Institute for International Economic Policy.[5] Shambaugh has appeared as a guest on NPR, where he has provided commentary on economic policy related to gig work.[6][7]
U.S. Department of the Treasury
In February 2022, Shambaugh was nominated to serve as under secretary of the treasury for international affairs.[8] He was confirmed by the United States Senate on December 13, 2022, by a vote of 70–27,[1] and he was sworn in by Secretary Janet Yellen on January 13, 2023.[9]
On April 18, 2023, Shambaugh delivered a speech on the state of the global economy at the Brookings Institution.[10]
On July 26, 2023, Shambaugh testified to the U.S. Senate Foreign Relations Committee on international economic coercion and economic competitiveness.[11] His testimony focused on U.S. engagement with China and how Treasury uses its economic tools to promote U.S. national security and foreign policy interests.[12]