Economics professor named to Bank of Canada governing council

The Bank of Canada has appointed a professor of applied economics at HEC Montreal to be a non-executive deputy governor of the central bank.

Nicolas Vincent will become the institution’s fourth deputy governor and sixth member of its policy-setting council in March. He will serve in the post for a two-year term.

Vincent’s research has spanned a range of areas of macro and microeconomics including the theory of pricing, housing and trade policy. He obtained his Ph.D. from Northwestern University.

He is also co-chair of the Business Cycles and Financial Markets research theme at CIRANO (Centre Interuniversitaire de Recherche en Analyse des Organisations), and has been a visiting faculty member and researcher at Columbia Business School, INSEAD, the Banque de France and the Kellogg School of Management

Vincent fills a deputy governor role at the Canadian central bank that became vacant when Timothy Lane retired in September.

Commenting on the appointment, Bank of Canada Governor Tiff Macklem said: “[Vincent] is an accomplished scholar and teacher, with deep expertise in macro and microeconomic research in areas such as inflation and price dispersion, firm dynamics, inequality, house prices and household finance. 

He added: “I have no doubt that his broad knowledge of monetary economics combined with his keen interest in public policy will be invaluable in helping the Bank navigate the policy challenges ahead.”