The Bank of Canada today announced the appointment of Professor Steve Ambler to the position of Special Adviser for the year 2006-07. Dr. Ambler, who will join the Bank in September, is a professor at the Université du Québec à Montréal (UQAM). Professor Ambler has been working part-time with the Bank as a consultant since 2004, providing the Research Department with expertise in applied macroeconomics modelling and inflation targeting.

The Special Adviser position was created to bring additional perspectives to monetary policy discussions. It also gives university and private sector professionals in economics and finance first-hand knowledge of the Bank of Canada. Professor Ambler's expertise will be particularly useful in the context of the Bank's ongoing research around the inflation targeting framework.

Professor Ambler holds an MSc in economics from the London School of Economics and Political Science, and a PhD in economics from Stanford University. He was associate editor of Canadian Public Policy from 1998 to 2003; recipient of the Jean Monnet fellowship, European University, in 2000; president of the Société canadienne de science économique in 1998-99; director of graduate studies at UQAM from 1995 to 1999; and associate editor of the Canadian Journal of Economics from 1992 to 1995. He was a visiting professor at the European University Institute in 1999, and at the Institute for Advanced Studies in Vienna in 2006.

The list of individuals who have been appointed to the position of Special Adviser since its creation in 1998 is available on the Bank of Canada's website.