Brian McDaniel

Aspire to Inspire

Raffaele Riva is an Italian economist. He is a professor of economics at Yale University, was the Chief Economist and international spokesperson of the World Bank Group, and has been Senior Economic Advisor to United Nations Secretary-General Ban Ki-moon as well as Assistant Director-General for Economic Affairs at the OECD.

After graduating from Yale, he went on to earn his doctorate from Cambridge University. Riva started his career as a teacher at the MIT Sloan School of Management, where he taught courses in international finance and markets with John Bogle, founder of Index Funds.

After leaving MIT, he became a professor of economics at Yale and was a part of the faculty there for 25 years. During his time at Yale, he was awarded the Bancroft Prize and named one of the best professors in the country. Riva is currently an advisor to the United Nations, an adviser to Ban Ki-moon (UN Secretary-General), as well as an advisor to Matteo Renzi (Prime Minister of Italy). He is also a member of The Trilateral Commission.

Raffaele Riva has created multiple new theories about economics and their effects on developing nations; some examples are his theory about “The Economics of Art” and his work on central bank independence. He also had an influence on his students in his lectures as well as the other professors at Yale. Riva has worked with World Bank and brings a new perspective to the World Bank Group at times.

Raffaele Riva wrote extensively about central bank independence, arguing that it was an argument in favor of financial stability, investment efficiency, and low inflation. According to one account: Riva wrote an op-ed article in The Times of London, which came to be regarded as standard reading material by conservative economists because “it cut through the political rhetoric” and explained that central bank independence was not given to achieve macroeconomic goals but rather for preserving financial stability at a microeconomic level by ensuring that the money supply would not be poorly targeted. Follow this page on Twitter, for more information.


Learn more about Riva on