Stanley Fischer

Stanley Fischer

Economist Less

Stanley Fischer

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Stanley "Stan" Fischer (1943)() is an American-Israeli economist and the current Governor of the Bank of Israel. He previously served as Chief Economist at the World Bank.


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.

Academic career

He was a professor at the MIT Sloan School of Management 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 and Greg Mankiw's Ph.D. thesis advisor.

Banking career

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, 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. Fischer worked at Citigroup from February, 2002 to April, 2005. In June 2011, he sought to replace Dominique Strauss-Kahn as managing director of the IMF, but was turned down because of his...
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