Timothy Lane was appointed Deputy Governor of the Bank of Canada, effective February 2009. In this capacity, he is responsible for overseeing the Bank’s analysis of international economic developments in support of monetary policy decisions. As a member of the Bank’s Governing Council, he shares responsibility for decisions with respect to monetary policy and financial system stability, and for setting the strategic direction of the Bank.
Mr. Lane joined the Bank of Canada in August 2008 as an Advisor to the Governor. Prior to that, he served for 20 years on the staff of the International Monetary Fund (IMF) in Washington, DC. During that period, he held a series of positions with a combination of analytical, policy, and managerial responsibilities, and contributed to the IMF’s work on a number of countries. He has undertaken research on a wide range of topics, including monetary policy, financial crises, IMF reform, and economic transition. During 2004-05, Mr. Lane was an Oliver Smithies Visiting Fellow of Balliol College at the University of Oxford. He also served as Assistant Professor of Economics at Michigan State University (1984-88) and at the University of Iowa (1983-84).
Born in Ottawa, Mr. Lane received a BA (honours) from Carleton University in 1977 and a PhD in economics from the University of Western Ontario in 1983.