September 4, 2013
Daniel Racette, an acclaimed economist highly esteemed by his peers, has been appointed a Professor Emeritus. The distinction was announced on September 3, as part of the HEC Montréal Master's graduates convocation ceremony.
Over his 27-year career at HEC Montréal, Professor Racette, who was attached to the Institute of Applied Economics, made a valuable contribution to advancing teaching and research at the School, adding to its renown and, in particular, enhancing its internal operations.
An expert on Canadian monetary policy and, more broadly, on monetary systems, central banks and monetary policy, he taught a number of different undergraduate and graduate courses and directed the theses of a dozen MSc students. His research in macroeconomics resulted in many publications and papers at some 55 conferences. In fact, he won the HEC Montréal Pierre Laurin Award in 1993 for his research publications in 1992-1993.
Professor Racette’s extensive knowledge of monetary economics explains his reputation. He was appointed to the coveted position of Special Adviser to the Bank of Canada for 1999-2000 and was a member of the prestigious C.D. Howe Institute Monetary Policy Council from 2003 to 2006. The Quebec government cabinet, the Royal Commission on Economic Union and Development Prospects for Canada, and the Parliamentary committee on the process for determining the political and constitutional future of Quebec are other organizations that have sought his expertise. His involvement in a number of associations has also been much appreciated, as he has served as President of the Association des économistes québécois, and a member of the Executive Committee of the Canadian Economics Association and the Board of Directors of the Société canadienne de science économique.
Lastly, Professor Racette’s contribution to the internal operations and advancement of HEC Montréal, a contribution made with talent, determination and boundless energy, has left a lasting mark. He devotedly served as Director of Academic Programs from 2000 to 2006, MSc Program Director from 1992 to 1995 and Director of the Institute of Applied Economics from 1995 to 1999 and 2008 to 2011.
Professor Racette holds an MSc in Economics from the Université de Montréal and a PhD in Economics from the University of Toronto.
The appointment of a professor emeritus is based on clear recognition by a professor’s peers of an exceptional contribution to the institution where he or she worked for at least ten years before retiring. The title is conferred after a secret ballot and with the approval of the School’s Honorary Doctorates and Emeritus Committee and its Academic Council.