The US may be struggling to fill the vacant seats on the Federal Reserve’s board, but Canada is on the ball.
Today, the Bank of Canada announced that Jean Boivin would replace David Longworth as deputy governor and member of the governing council at the beginning of April. Separately, the Bank announced that another deputy governor, Pierre Duguay, will retire in July. Any bets on whether we’ll know who will fill that seat before any Fed governors are appointed?
Meanwhile, some background on Mr Boivin.
Prior to becoming Deputy Governor, Mr. Boivin was Special Adviser for 2009-10. The Special Adviser position gives university and private sector professionals in economics and finance first-hand knowledge of the Bank of Canada and brings to the Bank additional perspectives to monetary policy discussions.
Before joining the Bank, Mr. Boivin was a Professor and held the Chair of Monetary Policy and Financial Markets of the Institute of Applied Economics at HEC Montréal. Mr. Boivin was a member of the Monetary Policy Council at the CD Howe Institute, a Research Associate at the National Bureau of Economic Research, and a Fellow of the Centre interuniversitaire de recherche en analyse des organisations (CIRANO). He has taught at the Columbia University Graduate School of Business and has published widely in the areas of monetary policy, interest rates, inflation, and international economics.
Mr. Boivin is a native of Chicoutimi, Quebec. He holds a BA (1995) in economics from the Université de Montréal and both an MA (1997) and a PhD (2000) in economics from Princeton University.
Separately, Bloomberg is reporting that Benjamin Netanyahu asked the governor of the Bank of Israel to serve a second term.
Israeli Prime Minister Benjamin Netanyahu decided to ask Stanley Fischer to serve a second term as governor of the Bank of Israel, said an official in the prime minister’s office who declined to be identified as the decision has not yet been made public.
Fischer’s five-year term finishes at the end of April. Bank of Israel spokesman Yossi Saadon declined to comment.
