Don Phillips
Don Phillips
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Full Name and Common Aliases
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Donald V. Phillips is the most commonly used full name associated with this individual.
Birth and Death Dates
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Born on December 22, 1935, Don Phillips passed away on October 29, 2008, at the age of 72.
Nationality and Profession(s)
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Don Phillips was an American economist, best known for his work as a vice chairman of the Federal Reserve System. He also held positions in academia and government policy-making institutions.
Early Life and Background
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Growing up in a family that valued education, Don Phillips developed an early interest in economics. His academic pursuits led him to attend college, where he earned his undergraduate degree in 1957 from Yale University. Furthering his education, Phillips went on to earn his Ph.D. in Economics from the Massachusetts Institute of Technology (MIT) in 1962.
Major Accomplishments
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Don Phillips had a distinguished career spanning multiple decades and institutions. Some notable achievements include:
Vice Chairman of the Federal Reserve System: He served this role from 1991 to 2000, providing critical economic guidance during significant global events.
Academic Contributions: Phillips made substantial contributions to the field of economics through his research on monetary policy, inflation targeting, and financial stability.
Government Policy-Making: His expertise was sought by various government institutions, where he played key roles in shaping economic policies.Notable Works or Actions
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Throughout his career, Don Phillips authored numerous papers and publications. Some of his notable works include:
"Monetary Policy Rules" (1994): A seminal paper exploring the implementation of monetary policy rules.
* "Inflation Targeting: Lessons from Practice" (2000): A comprehensive analysis of inflation targeting strategies.
Impact and Legacy
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Don Phillips' influence on economic thought and policy-making is undeniable. His work continues to shape the understanding of central banking, inflation targeting, and financial stability.
Why They Are Widely Quoted or Remembered
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Don Phillips' contributions have left a lasting impact on the field of economics. His expertise and insights continue to be sought after by policymakers and economists alike. As a thought leader in his time, his quotes and opinions remain relevant today, offering valuable perspectives on pressing economic issues.
Quotes by Don Phillips
The main driver behind this type of partnership would be the ability to give our kids access to community college classes on their back doorstep.
The fund industry has sabotaged its ability to produce a meaningful tax-advantaged dividend stream to investors,
You want to start a discipline. Get with the program. See what it's like to be in the investment markets.
Generating income is an important, yet often overlooked component of total return. After a prolonged infatuation with capital appreciation, investors, especially those nearing retirement, are now more focused on income-producing investments. We created the Morningstar Dividend Leaders Index to help investors better understand the income potential of equities.
If your goal is to restrict the asset growth of Magellan to keep it a smaller and more nimble fund, this isn't going to do it.
Investors may not focus first and foremost on cost, but they recognize the impact of cost more. It's a huge amount when you think about the collective savings.
In either case, you're talking about a very low-cost investment, which should be very attractive.
It may effect our ending balance at the end of the year but we don't know yet. That's why you have reserves beyond the basic minimum. ... for when things happen like this,