Federico Ravenna Wins the Bank of Canada Governor's Award

March 15, 2010

The Bank of Canada today announced the winner of the 2010 Governor’s Award: Associate Professor Federico Ravenna, of the Institute of Applied Economics at HEC Montréal. This valuable award provides funding for exceptional assistant and associate professors working at Canadian universities who have demonstrated the potential to make exemplary research contributions in their fields.

Professor Ravenna, who joined HEC Montréal less than one year ago, specializes in monetary economics and open economy macroeconomics. His recent work has focused on labour markets and on optimal monetary policy. He holds a PhD in Economics from the University of New York.

"Professor Ravenna has an impressive portfolio of academic and research accomplishments," said Governor Carney. "The Bank of Canada is pleased to recognize his contribution to research on current macroeconomic issues."

The Governor’s Award is designed to encourage leading-edge research and to develop expertise in Canada in a number of areas critical to the Bank's mandate. It is awarded to a research professor who has obtained a PhD within 10 years of application for the award and who works in fields of interest to the Bank, i.e. macroeconomics, monetary economics or international finance, as well as the economics of financial markets and institutions. The Award is for a two-year period and consists of a $25,000 stipend paid annually to the recipient.

Federico Ravenna is the third winner of the Governor’s Award. The second winner of this prestigious recognition was Hafedh Bouakez, also attached to the Institute of Applied Economics at HEC Montréal.