News your connection to The Boston Globe

Frank W. Schiff, 85; addressed foreign, US economic policy

WASHINGTON -- Frank W. Schiff, 85, who served as vice president and chief economist of the Committee for Economic Development from 1969 to 1986, died Aug. 17 at Inova Mount Vernon Hospital in Virginia of complications from a back injury.

At the Committee for Economic Development, an independent organization of business executives and university administrators, Mr. Schiff coordinated statements and monographs on a wide range of national and international economic policy issues. His efforts involved tax reform, budget deficits, the federal budget process, energy independence, job training, public-private partnerships, and the international monetary system.

He had a special interest in flexible work arrangements, such as greater use of ``flexiplace" and work sharing as an alternative to layoffs or women leaving the workforce.

He said in 1983 that in situations where flexiplace -- working at home or other places other than the office -- had been tried, productivity improved in most cases 10 to 20 percent and sometimes substantially more.

Mr. Schiff was born in Greisswald, Germany, and fled the Nazis in 1936. He graduated from Columbia University.

From 1943 to 1945, he served in the Army in France. After the war, he was an economics instructor at Columbia.

Beginning in 1951, Mr. Schiff held several positions with the Federal Reserve Bank of New York. He went to Vietnam in the early 1960s to advise the government on creation of a central bank.

As senior staff economist with the Council of Economic Advisers from 1964 to 1968, Mr. Schiff had responsibility for international finance, coordination of international economic policies, and domestic monetary policy.

He served as deputy undersecretary of the Treasury for monetary affairs from 1968 to 1969. He retired in 1986.

He was a member of the Council on Foreign Relations and served as president and chairman of the National Economists Club.

Today (free)
Yesterday (free)
Past 30 days
Last 12 months
 Advanced search / Historic Archives