The Bank of Canada today announced the appointment of Professor Paul Masson to the position of Special Adviser for the year 2007-08. Prof. Masson, who will join the Bank in September, is currently Research Fellow and Adjunct Professor at the Rotman School of Management, Research Affiliate at the National Bureau of Economic Research, and Research Fellow at the C. D. Howe Institute.

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 Masson's expertise in the area of monetary policy will benefit the Bank during its ongoing research program on Canada's inflation target and the monetary policy framework.

Professor Masson holds a PhD from the London School of Economics. Prior to his appointment at the Rotman School of Management, Prof. Masson was Visiting Fellow at the Brookings Institution in Washington, D.C. For the previous eighteen years he worked at the International Monetary Fund (IMF) in the Research, European, and African departments, ending as Senior Advisor. Before that, he worked at the OECD and at the Bank of Canada, ending as Deputy Chief, Monetary and Financial Analysis. He has published extensively on monetary policy issues and international economics, including two recent books, one based on his lectures in international finance and another an analysis of currency regimes in Africa.

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