Prof. Amir Yaron

Governor


Professor Amir Yaron was appointed by the President of Israel as Governor of the Bank of Israel on December 24, 2018.

He is a world-renowned expert in macroeconomics, monetary economics, finance, and financial economics.

Prof. Yaron obtained his Bachelor's and Master's degrees from Tel Aviv University, and served as an officer in the unit of the Economic Advisor to the IDF Chief of General Staff.  He then went abroad, where he obtained a Master's degree and a Ph.D. at the University of Chicago.  He is a full professor in the Finance Department at the Wharton School at the University of Pennsylvania, where he has held the Robert Morris Chair in Banking. 

Prof. Yaron has served in a number of senior leadership positions in the academic world:

Faculty Research Associate at NBER, and one of its research group heads on capital markets and economics.

President of the Foundation for the Advancement of Research in Financial Economics (FARFE).

Member of the Board of the Western Finance Association.

Chairman of SFS Cavalcade.

Editor of a number of periodicals.

His joint study with Ravi Banzal, "Risks for the Long Run: A Potential Resolution of Asset Pricing Puzzles", referred to in the literature as the "Bansal-Yaron Model", is one of the leading studies worldwide regarding the interface between macroeconomics and finance.  The paper was reviewed in the writings of the Nobel Prize Scientific Committee in 2013, and led to the Governor winning the prestigious Stephen Ross Award in 2019.​

Professor Yaron has been a visiting scholar at the Federal Reserve Bank of Philadelphia, MIT, the University of Chicago, Goethe University, the Bank of Israel, CEMFI-Spain, IIES-Sweden, and the IMF. 

The detailed Governor's Curriculum Vitae 

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