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Stanley Fischer
New Keynesian economics
Stanley Fischer.jpg
Stanley Fischer, Governor of the Bank of Israel
Birth 15 October 1943 (1943-10-15) (age 66)
Northern Rhodesia (Now Zambia)
Nationality  Israel
Institution Bank of Israel 2005–
Citigroup 2002–05
IMF 1994–01
World Bank 1988–90
MIT 1973-88, 1990–94
Field Financial economics
Alma mater MIT (Ph.D.)
LSE (B.Sc., M.Sc.)
Influences Franklin M. Fisher
Influenced N. Gregory Mankiw
Ben S. Bernanke
Kenneth Rogoff

Stanley "Stan" Fischer (Hebrew: סטנלי פישר‎) is an economist and the current Governor of the Bank of Israel.

Born in Northern Rhodesia (now Zambia) on 15 October 1943, he obtained his B.Sc. and M.Sc. at the London School of Economics from 1962-1966 and his Ph.D. at MIT in 1969, all in economics. 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 in Macroeconomics (with Olivier Blanchard), and was 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.

He became Governor of the Bank of Israel on May 1, 2005, replacing David Klein, who ended his term on January 16, 2005. Dr. 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.

Fischer is a fluent Hebrew speaker.[1]


External links



Business positions
Preceded by
Anne Krueger
World Bank Chief Economist
Succeeded by
Lawrence Summers


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