Professor David Laidler of the University of Western Ontario has been chosen to fill the newly-created visiting economist position of Special Adviser in the Bank of Canada for a one-year term beginning in August 1998.

The position has been created to bring additional views on monetary policy issues from outside the Bank and to increase the number of university and private sector economists with first-hand knowledge of the institution and its monetary policy role. The Bank of Canada plans to appoint a new visiting economist each year to fill the position.

One of Canada's most distinguished economic scholars, Professor Laidler graduated from the London School of Economics in 1959 with a B.Sc. in economics, followed by an M.A. from the University of Syracuse in 1960 and a Ph.D from the University of Chicago in 1964. He became Professor of Economics at the University of Western Ontario in 1975 after having held full-time academic appointments at universities in Britain and the United States.

Professor Laidler has written numerous academic articles and books in his fields of interest—monetary economics and the history of economic thought. As Adjunct Scholar at the C.D. Howe Institute, he has been responsible for a number of Institute publications on monetary policy issues.