Professor Stanley Fischer was born in Zambia in 1943. He holds B.Sc (Econ) and M.Sc. (Econ) degrees from the London School of Economics (1962-66), and obtained his Ph.D. in economics at MIT (Massachusetts Institute of Technology) in 1969. He served as Assistant Professor of Economics at the University of Chicago until 1973, when he returned to the MIT Department of Economics as an Associate Professor. He became Professor of Economics in 1977, serving as Killian Professor and Head of the Department of Economics. He has also held visiting positions at the Hebrew University, Jerusalem, and at the Hoover Institution at Stanford.
Stanley Fischer joined Citigroup in February 2002, serving as Vice Chairman of Citigroup, Head of the Public Sector Group, and Chairman of the Country Risk Committee. Prior to joining Citigroup, Mr. Fischer was the First Deputy Managing Director of the International Monetary Fund, from September 1994 until the end of August 2001. From January 1988 to August 1990 he was Vice President, Development Economics and Chief Economist at the World Bank.
On March 21, 2005 the Israeli Cabinet decided to recommend that President Moshe Katsav appoint Prof. Stanley Fischer as Governor of the Bank of Israel for a five-year term beginning 1 May 2005, and to agree that Mr. Fischer serve as a member of various international economic institutions/committees including the Advisory Committee to the UN Year of Microcredit, the Institute for International Economics and G-30.
Stanley Fischer served as Governor of the Bank of Israel from 2005 until 2013.
Mr. Fischer is the author of Macroeconomics (with Rudi Dornbusch and Richard Startz, 9th edition, 2004). He is also the author of Lectures in Macroeconomics (MIT Press, 1989, with Olivier Blanchard), Economics (second edition, McGraw Hill, 1988, with Rudiger Dornbusch and Richard Schmalensee), IMF Essays From a Time of Crisis (MIT Press, 2004) and Indexing, Inflation, and Economic Policy (MIT Press, 1986) and the editor of other books, among them Securing Peace in the Middle East (MIT Press, 1994). From 1986 to 1994 he was editor of the NBER Macroeconomics Annual; he has also served as Associate Editor of other economics journals. He has published extensively in the professional journals.
Mr. Fischer is a Fellow of the Econometric Society and the American Academy of Arts and Sciences, a member of the Council on Foreign Relations, the G-30, and the Trilateral Commission, a Guggenheim Fellow, and a Research Associate of the National Bureau of Economic Research. He serves on the Boards of the Institute for International Economics, Women’s World Banking and the International Crisis Group, as well as the International Advisory Board of the New Economic School, Moscow.