David Klein (economist)

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David Klein (Hebrew: דוד קליין‎‎; born 1935) is an Israeli who served as the governor of the Bank of Israel from January 2000 to January 2005.[1][2]

Klein received his higher education at the Hebrew University of Jerusalem, obtaining a BA in 1959 in general history and economics. In 1972 he obtained his PhD in economics from George Washington University with thesis titled Velocity of Money, Production Costs, and Short-run Price Level Determination.


During 1959–1966 he served in the budget department of the Israel Ministry of Finance. In addition to oversight and planning duties, he was involved with the establishment of the town of Arad and the reconstruction of the town of Qazvin in Iran after an earthquake.

During 1966–1972 Klein served at the International Monetary Fund in the Fiscal Affairs Department with responsibility for fiscal policy in developing countries.

During 1972–1976 he was with Tevel Institute of Policy Studies in Jerusalem where he worked on econometrics.

During 1976–1987 he worked for the Bank Leumi Le-Israel, serving in positions such as senior economist and head of the strategic planning division.

During 1987–2005 Klein served in various senior roles at the Bank of Israel, being a member of the management team.

During 2000–2005 he was the Governor of the Bank of Israel.



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