Bank of Canada

Gift fuels influence
in central banking

Western moved to the forefront of central banking teaching and research in Canada, thanks to a generous donation from The Jarislowsky Foundation announced in May 2016.

The $2-million endowed gift, to be matched by Western, established the Stephen A. Jarislowsky Chair in Central Banking in the Department of Economics at the Faculty of Social Science, with the aim to encourage excellence in teaching, mentorship and research in areas essential to central bank policy and decision-making.

The Jarislowsky Foundation, based in Montreal, was founded by Canadian businessman and philanthropist Stephen Jarislowsky in 1991. Since then, it has established 29 chairs in Canada in a number of fields, including education, medicine and art.

“Our main aim and focus is excellence. We try to do things in areas which make people in our age think,” Jarislowsky said. “This chair was designed to make people think about central banking. Central bankers have achieved an enormous influence on the lives of all kinds of countries. I hope this chair will lead to better central bankers, better government and better handling of finance around the world. That is a big objective.”

“We are incredibly grateful to The Jarislowsky Foundation for this tremendous support and the opportunity to bring an internationally known and esteemed expert to our Western community. Establishing this Chair will allow Western to play a significant role in conducting top research on a wide range of central bank issues related to finance and economics.”

Bob Anderson
Dean, Social Science

 

Stephen Williamson was named the Stephen A. Jarislowsky Chair in Central Banking in May 2017. Williamson is an expert in monetary policy, and most recently held the position of Vice President in the Research Department of the Federal Reserve Bank of St. Louis.

The chair is involved in an original and innovative research program that will help shape central bank decision-making, said Bob Andersen, Dean in the Faculty of Social Science at Western.