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Rand Ghayad

    Professional affiliation

    Adjunct Professor, Harvard University; Former International Monetary Fund Economist

    Full Biography

    Dr. Ghayad has extensive experience advising governments and other sovereign entities on complex financial and economic matters, including debt restructuring, job creation, and fiscal and monetary policy issues. He has more than a decade of experience as a macroeconomist including serving most recently at the International Monetary Fund where he worked on low-income countries and fragile states, participating both in bilateral discussions on macroeconomic surveillance and on negotiations of programs involving IMF financial assistance.

    In addition to providing expert advice on economic policy and labor reforms to numerous governments, including most recently France, the UK, and Kuwait, Dr. Ghayad has also advised the Federal Oversight Board of Puerto Rico and its counsel on a broad range of macroeconomic and financial issues related to the Commonwealth’s debt crisis and bankruptcy proceedings.

    He also worked closely with various regulatory bodies and key institutions, including the US Department of Justice and the Securities and Exchange Commission, in developing economic and financial analyses in a variety of matters involving false claims, Ponzi schemes, financial market fraud, and shams. Between 2012 and 2013, he was part of an ongoing effort at the White House to develop best practices for hiring and recruiting the long-term unemployed. In 2014, Ghayad advised the Prime Minister and Employment Policy Council of France on strategies to reduce the incidence of long-term unemployment.

    Dr. Ghayad began his career at the Brookings Institution working on unemployment and labor market reforms. He also served in various positions at the Federal Reserve Bank, International Labor Organization, and MIT. He holds a PhD in Economics and has held research and teaching positions at Harvard University, Massachusetts Institute of Technology, Boston University, and Northeastern University.

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