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15 October 1943|
Northern Rhodesia (Now Zambia)
Bank of Israel 2005–|
World Bank 1988–90
MIT 1973-88, 1990–94
|New Keynesian economics|
LSE (B.Sc., M.Sc.)
|Influences||Franklin M. Fisher|
Early life and education
He was a professor at MIT from 1977 to 1988, where he authored two popular economics textbooks, Macroeconomics (with Rüdiger Dornbusch and Richard Startz), and Lectures on Macroeconomics (with Olivier Blanchard). He was also Ben Bernanke's Ph.D. thesis advisor.
From January 1988 to August 1990 he was Vice President, Development Economics and Chief Economist at the World Bank. He then became the First Deputy Managing Director of the International Monetary Fund, from September 1994 until the end of August 2001. By the end of 2001 Dr. Fischer had joined the influential Washington-based financial advisory body, the Group of Thirty. After leaving the IMF, he served as Vice Chairman of Citigroup, President of Citigroup International, and Head of the Public Sector Client Group. Dr. Fischer worked at Citigroup from February, 2002 to April, 2005.
Bank of Israel governor
He became Governor of the Bank of Israel on May 1, 2005, replacing David Klein, who ended his term on January 16, 2005. Fischer became an Israeli citizen, the aforementioned action being a prerequisite to this appointment. He has been involved in the past with the Bank of Israel, having served as an American government adviser to Israel's economic stabilization program in 1985. On May 2, 2010, Fischer was sworn in for a second term.
Fischer has earned plaudits across the board for his handling of the Israeli economy in the aftermath of the global financial crisis. In September 2009, the Bank of Israel was the first bank in the developed world to raise its interest rates.
In October of 2010, Fischer was declared Central Bank Governor of the Year by Euromoney magazine. Fischer received the award at a reception at the Willard Intercontinental hotel in Washington, D.C. during a World Bank and International Monetary Fund conference.
- Adrian Filut (2 May 2010). "Stanley Fischer sworn in for second term". Globes. Retrieved 2 May 2010.
- Viniar, Olga (20 May 2010). "Israel's economy most durable in face of crises". ynetnews.com. Retrieved 23 October 2010.
- Levy, Tal; Bassok, Moti (25 August 2009). "Israel central bank first in developed world to raise interest". Haaretz. Retrieved 23 October 2010.
- "World's Top Central Bankers 2009". Global Finance. 28 September 2010. Retrieved 23 October 2010.
- "Global Finance Magazine names the World's Top Central Bankers 2010". Global Finance. 9 September 2010. Retrieved 23 October 2010.
- "Stanley Fischer chosen top central banker". The Jerusalem Post. 10 October 2010. Retrieved 23 October 2010.
- "Stanley Fischer: The Israeli economy" (PDF). bis.org. Retrieved 23 October 2010.
- Bank of Israel web site
- Institute of International Economics web site
- IMF web site
- List of publications by Prof. Stanley Fischer, 1994-present
- C. Peter McColough Series on International Economics: The Israeli Economy: Thriving in a Complicated Environment Council on Foreign Relations October 18, 2007
- Israel looks to US for bank chief - 10 January 2005
- Bloomberg.com: Top Worldwide - Citigroup's Fischer to Head Israel's Central Bank - January 9, 2005
- Why so gloomy on the global economy? - 4 October 2004
- Stanley Fischer: The Life of an Internationally Renowned Economist - August 13, 2004
- "Exchange Rate Regimes: Is the Bipolar View Correct?", International Monetary Fund, Distinguished Lecture on Economics in Government, American Economic Association and the Society of Government Economists. Delivered at the Meetings of the American Economic Association, New Orleans, January 6, 2001
| World Bank Chief Economist