The
Governor of the Bank of Israel, Dr. Karnit Flug, today announced her decision
to appoint Prof. Michel Strawczynski as Director of the Research Department at
the Bank of Israel, to replace Prof.
Nathan Sussman, who will be stepping down after six years in the position. The
decision was reached after the Search Committee, headed by the Deputy Governor,
interviewed several candidates for the position and submitted its
recommendations to the Governor. Prof. Strawczynski will begin his role in the beginning
of October.

 

Michel
Strawczynski, 55, has a Bachelors degree in Economics and Accounting from
“Universite de la Republique” in Uruguay, Masters (magna cum laude) and
Doctorate degrees, both in Economics, from the Hebrew University in Jerusalem,
and was a post-doctoral fellow at MIT in the US. Since 2012, Strawczynski has
served as an associate professor on the faculties for Economics and Public
Policy at the Hebrew University in Jerusalem, and over the years served as an
external lecturer at several academic institutions in Israel. At the beginning
of his professional career, Strawczynski worked at the Ministry of Energy and
Infrastructures and at an energy consulting firm. In 1993 he joined the Bank of
Israel Research Department as an Economist, and in 2000–11 he served as
Deputy Director of the Research Department and then as Head of the Macro and
Policy Division at the Research Department. His main specialization over the
years has been in various areas of the Israeli economy, including fiscal
policy, taxation, transfer payments, and growth. Prof. Strawczynski was a member of several
government work teams in the areas of taxation, economic statistics, was a
member of the Alalouf Committee for dealing with poverty, headed the economic
team during the process of Israel’s ascension to the OECD, and headed the Joint
Research Committee on the Earned Income Tax Credit (Negative Income Tax)
program.

 

In his
positions at the Research Department, Strawczynski had a central role in the work
of economic consulting to the Government, in preparing the Research
Department’s inputs to monetary discussions—with an emphasis on real economic
activity—and in editing research papers and the Department’s leading
publications. After he stepped down from his position at the Bank of Israel, he
served as Acadamic Director of the civil service cadet program, Head of the
Economics and Society program at the Van Leer Institute, and continued to serve
as a co-editor of Israel Economic Review.

 

Governor
of the Bank of Israel, Dr. Karnit Flug, said, “The Bank of Israel Research
Department has its hands full with work—conducting macroeconomic analysis for
making monetary policy decisions, providing economic advice to the government,
formulating reforms in the financial system and maintaining its stability, and
in bolstering the research and professional knowledge at the Bank of Israel.
Michel has considerable knowledge, broad professional and academic experience,
extensive familiarity with the Bank of Israel and the Israeli economy, and a
strong desire to contribute from his abilities to the Bank and to Israel’s
economy. I thank Michel for his willingness to take upon himself this important
role and I wish him much success".​

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