Jean Boivin Appointed Deputy Governor of the Bank of Canada

March 10, 2010

Jean Boivin, a Full Professor with the Institute of Applied Economics at HEC Montréal and holder of the Chair in Monetary Policy and Financial Markets, has been appointed Deputy Governor of the Bank of Canada, effective April 1. He will be a member of the Bank’s Governing Council.

The eminent economics researcher has been acting as a Special Advisor to Mark Carney, the Governor of the Bank, for just over six months. His work deals mainly with Canada’s inflation target and monetary policy framework.

Professor Boivin holds a Master’s degree and PhD in Economics from Princeton University, and joined the Institute of Applied Economics at HEC Montréal in 2006, while continuing to teach at the Columbia Business School. He is a Research Associate at the American National Bureau of Economic Research (NBER), a Fellow of the Centre interuniversitaire de recherche en analyse des organisations (CIRANO) and a member of the Centre interuniversitaire sur le risque, les politiques économiques et l’emploi (CIRPÉE). He has been a member of the C.D. Howe Institute’s Monetary Policy Council and of the task force on private investment set up by the Quebec Department of Finance. Early in his career he collaborated on research with Ben Bernanke, the current Chairman of the Board of the US Federal Reserve System.

His work has been covered in many scientific publications and he is frequently quoted in the media. Mr. Boivin is a member of the editorial committees of the Journal of Economic Dynamics and Control and the Journal of Business Economics and Statistics, and acts as a reviewer for a large number of scholarly journals. He is highly appreciated by his students, and was voted professor of the year in the “mandatory courses” and “optional courses” categories in 2007, 2008 and 2009. He will be leaving HEC Montréal on March 31.