David Klein ( he, דוד קליין; 1935 – 26 May 2021Former Bank of Israel governor David Klein dies
/ref>) was an Israeli economist who served as governor of the Bank of Israel from January 2000 to January 2005.Orme Jr., William A. (17 January 2000)
Choice for Israel Bank Chief Approved by a Split Cabinet
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The New York Times ''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid d ...

''Reuters (10 January 2005)
Israel Asks Citigroup Official to Run Its Bank
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Biography

David Klein earned a BA in general history and economics from the

Hebrew University The Hebrew University of Jerusalem (HUJI; he, הַאוּנִיבֶרְסִיטָה הַעִבְרִית בִּירוּשָׁלַיִם) is a public research university based in Jerusalem, Israel. Co-founded by Albert Einstein and Dr. Chaim Weiz ...

Jerusalem Jerusalem (; he, יְרוּשָׁלַיִם ; ar, القُدس ) (combining the Biblical and common usage Arabic names); grc, Ἱερουσαλήμ/Ἰεροσόλυμα, Hierousalḗm/Hierosóluma; hy, Երուսաղեմ, Erusałēm. i ...

in 1959. In 1972 he was awarded a PhD in

economics Economics () is the social science that studies the production, distribution, and consumption of goods and services. Economics focuses on the behaviour and interactions of economic agents and how economies work. Microeconomics analyzes ...

from

George Washington University The George Washington University (GW or GWU) is a Private university, private University charter#Federal, federally chartered research university in Washington, D.C. Chartered in 1821 by the United States Congress, GWU is the largest Higher educat ...

. His thesis was ''Velocity of Money, Production Costs, and Short-run Price Level Determination''.

Finance career

In 1959–1966, Klein worked in the budget department of the Israel Ministry of Finance. In addition to oversight and planning duties, he was involved in the establishment of the town of Arad and the reconstruction of the town of

Qazvin Qazvin (; fa, قزوین, , also Romanization, Romanized as ''Qazvīn'', ''Qazwin'', ''Kazvin'', ''Kasvin'', ''Caspin'', ''Casbin'', ''Casbeen'', or ''Ghazvin'') is the largest city and capital of the Qazvin Province, Province of Qazvin in Iran. ...

Iran Iran, officially the Islamic Republic of Iran, and also called Persia, is a country located in Western Asia. It is bordered by Iraq and Turkey to the west, by Azerbaijan and Armenia to the northwest, by the Caspian Sea and Turkmeni ...

after an earthquake. In 1966–1972 Klein worked for the

International Monetary Fund The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution, headquartered in Washington, D.C., consisting of 190 countries. Its stated mission is "working to foster glo ...

in the Fiscal Affairs Department. He was responsible for

fiscal policy In economics and political science, fiscal policy is the use of government revenue collection (taxes or tax cuts) and expenditure to influence a country's economy. The use of government revenue expenditures to influence macroeconomic variab ...

developing countries A developing country is a sovereign state with a lesser developed industrial base and a lower Human Development Index (HDI) relative to other countries. However, this definition is not universally agreed upon. There is also no clear agreem ...

. In 1972–1976, he worked in

econometrics Econometrics is the application of statistical methods to economic data in order to give empirical content to economic relationships. M. Hashem Pesaran (1987). "Econometrics," '' The New Palgrave: A Dictionary of Economics'', v. 2, p. 8 p. 8 ...

as the Tevel Institute of Policy Studies in

. From 1976 to 1987 he worked for Bank Leumi Le-Israel as a senior economist and head of the strategic planning division. In 1987–2005, Klein served in various senior roles at the Bank of Israel and was a member of the management team. In 2000–2005, he was Governor of the Bank of Israel.

References

External links

Biography at the official site of the Bank of Israel
{{DEFAULTSORT:Klein, David 1935 births 2021 deaths Israeli economists Israeli civil servants Columbian College of Arts and Sciences alumni Israeli businesspeople Israeli Jews Governors of the Bank of Israel Hebrew University of Jerusalem Faculty of Social Sciences alumni