Laurence Boone (born 15 May 1969) is a French economist who has been serving as the Secretary of State for European affairs in the

government A government is the system or group of people governing an organized community, generally a state. In the case of its broad associative definition, government normally consists of legislature, executive, and judiciary. Government is a ...

Prime Minister A prime minister, premier or chief of cabinet is the head of the cabinet and the leader of the ministers in the executive branch of government, often in a parliamentary or semi-presidential system. Under those systems, a prime minister is not ...

Élisabeth Borne Élisabeth Borne (; born 18 April 1961) is a French politician who has served as Prime Minister of France since May 2022. She is a member of President Emmanuel Macron's party Renaissance. A civil engineer, government official and manager of sta ...

since 2022. Boone’s fields of interest include

macroeconomics Macroeconomics (from the Greek prefix ''makro-'' meaning "large" + ''economics'') is a branch of economics dealing with performance, structure, behavior, and decision-making of an economy as a whole. For example, using interest rates, taxes, and ...

European politics The politics of Europe deals with the continually evolving politics within the continent of Europe. It is a topic far more detailed than other continents due to a number of factors including the long history of nation states in the region as ...

and

public finance Public finance is the study of the role of the government in the economy. It is the branch of economics that assesses the government revenue and government expenditure of the public authorities and the adjustment of one or the other to achie ...

. She served as an economic advisor to

President President most commonly refers to: *President (corporate title) *President (education), a leader of a college or university *President (government title) President may also refer to: Automobiles * Nissan President, a 1966–2010 Japanese ful ...

François Hollande François Gérard Georges Nicolas Hollande (; born 12 August 1954) is a French politician who served as President of France from 2012 to 2017. He previously was First Secretary of the Socialist Party (PS) from 1997 to 2008, Mayor of Tulle from ...

between July 2014 and March 2016.

Early life and education

Boone was born in 1969 in a family with distant Irish origins. Her father was an engineer. She attended the school institutions of ''Notre-Dame-de-Sion'', ''La Bruyère-Sainte-Cécile'' and ''École du Sacré-Cœur''. Boone earned an MAS in

modelization A mathematical model is a description of a system using mathematical concepts and language. The process of developing a mathematical model is termed mathematical modeling. Mathematical models are used in the natural sciences (such as physics, ...

and quantitative analysis from Paris X-Nanterre University, a PhD in economics from

London Business School London Business School (LBS) is a business school and a constituent college of the federal University of London. LBS was founded in 1964 and awards post-graduate degrees (Master's degrees in management and finance, MBA and PhD). Its motto is " ...

, and a master degree in

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

from the

University of Reading The University of Reading is a public university in Reading, Berkshire, England. It was founded in 1892 as University College, Reading, a University of Oxford extension college. The institution received the power to grant its own degrees in 192 ...

Career

Early beginnings

Boone started her career as an analyst at Merrill Lynch Asset Management (1995–6). She was a researcher at the ''

Centre d'Etudes Prospectives et d'Informations Internationales The Centre d'Études Prospectives et d'Informations Internationales (CEPII) is the main French institute for research into international economics. It is part of the network coordinated by the Economic Policy Planning for the Prime Minister (). Fou ...

'' (CEPII) from 1996 to 1998, then an economist at the department of Economic Affairs of the

OECD The Organisation for Economic Co-operation and Development (OECD; french: Organisation de coopération et de développement économiques, ''OCDE'') is an intergovernmental organisation with 38 member countries, founded in 1961 to stimulate e ...

from 1998 to 2004. In 2004, she joined Barclays Capital France as a chief economist. In 2011, Boone became the Europe chief economist at

Bank of America The Bank of America Corporation (often abbreviated BofA or BoA) is an American multinational investment bank and financial services holding company headquartered at the Bank of America Corporate Center in Charlotte, North Carolina. The bank w ...

-Merill Lynch. A member of the ''

Cercle des économistes Le Cercle des économistes is a French think tank founded in 1992 by Jean-Hervé Lorenzi. The association is made up of 30 economists who are also French university academics. It is a non-profit organization whose mission is to organize and prom ...

'', Boone authored numerous books and publications. She taught at

Sciences Po , motto_lang = fr , mottoeng = Roots of the Future , type = Public university, Public research university''Grande école'' , established = , founder = Émile Boutmy , a ...

École Polytechnique École may refer to: * an elementary school in the French educational stages normally followed by secondary education establishments (collège and lycée) * École (river), a tributary of the Seine flowing in région Île-de-France * École, Savoi ...

, ENSAE and ENS Cachan. She was also a member of the jury of the

École nationale d'administration The École nationale d'administration (generally referred to as ENA, en, National School of Administration) was a French ''grande école'', created in 1945 by President of France, President Charles de Gaulle and principal author of the Constitu ...

competitive exam. In 2014, Boone started editing chronicles for the ''

L'Opinion ''L'Opinion'' is a daily francophone Moroccan newspaper. History and profile ''L'Opinion'' was established in 1965. The daily is the organ of the Istiqlal Party. It is the sister publication of the Arabic-language newspaper ''Al-Alam'' and is ...

'' daily.

Career in politics

In July 2014, Boone was appointed a financial and economic advisor to the

Élysée Palace The Élysée Palace (french: Palais de l'Élysée; ) is the official residence of the President of the French Republic. Completed in 1722, it was built for nobleman and army officer Louis Henri de La Tour d'Auvergne, who had been appointed Gover ...

. The announcement of her nomination to

was made in early June 2014 as an anticipation of

Emmanuel Macron Emmanuel Macron (; born 21 December 1977) is a French politician who has served as President of France since 2017. ''Ex officio'', he is also one of the two Co-Princes of Andorra. Prior to his presidency, Macron served as Minister of Econ ...

's resignation. ''L'Opinion'' then highlighted one of her recent chronicles in which she criticized "disastrous economic results" and the government's "almost nonexistent choices of economic policy". The announcement of her nomination also sparked harsh comments, like the one of ''

Slate Slate is a fine-grained, foliated, homogeneous metamorphic rock derived from an original shale-type sedimentary rock composed of clay or volcanic ash through low-grade regional metamorphism. It is the finest grained foliated metamorphic rock. ...

s : "the world of finance that governs without ever having been elected" —which is a reference to François Hollande's January 22, 2012 speech in

Le Bourget Le Bourget () is a Communes of France, commune in the northeastern suburbs of Paris, France. It is located from the Kilometre zero#France, center of Paris. The commune features Paris - Le Bourget Airport, Le Bourget Airport, which in turn hos ...

. Minister of Finance and the Public Accounts

Michel Sapin Michel Sapin (; born 9 April 1952 is a French politician who served as Minister of Finance from 1992 to 1993 and again from 2014 to 2017. He is a member of the Socialist Party. He was Minister of the Civil Service from 2000 to 2002 and Minis ...

replied: "Competences are back." The coincidence of the nomination and

David Azéma David Azéma (born 22 November 1960) is a French businessman, and a former chairman and chief executive of Eurostar from 1999 to 2002; he worked with the French government's Agence des participations de l'État, and is chairman of Global Infras ...

being hired by Bank of America in July 2014 sparked comments about a "shameless

revolving door A revolving door typically consists of three or four doors that hang on a central shaft and rotate around a vertical axis within a cylindrical enclosure. Revolving doors are energy efficient as they, acting as an airlock, prevent drafts, thus de ...

between Bank of America and the socialist power" (). On December 26, 2014, Boone's position was named "special advisor for multilateral and European economic and financial affairs",

sherpa Sherpa may refer to: Ethnography * Sherpa people, an ethnic group in north eastern Nepal * Sherpa language Organizations and companies * Sherpa (association), a French network of jurists dedicated to promoting corporate social responsibility * ...

of François Hollande, as a part of a series of decisions made to "simplify" his cabinet. During the

Greek government-debt crisis Greece faced a sovereign debt crisis in the aftermath of the financial crisis of 2007–2008. Widely known in the country as The Crisis ( Greek: Η Κρίση), it reached the populace as a series of sudden reforms and austerity measures that ...

, she contributed to convince the French President to keep Greece in the

Eurozone The euro area, commonly called eurozone (EZ), is a currency union of 19 member states of the European Union (EU) that have adopted the euro (€) as their primary currency and sole legal tender, and have thus fully implemented EMU policies ...

. She was also considered one of the most prominent European economists advocating for a serious democratic overhaul of the

eurozone The euro area, commonly called eurozone (EZ), is a currency union of 19 member states of the European Union (EU) that have adopted the euro (€) as their primary currency and sole legal tender, and have thus fully implemented EMU policies ...

institutions. Boone took part in the 2015 Bilderberg Conference.

Return to the private sector

Boone's resignation on March 14, 2016 to join

AXA Axa S.A. (styled as ''AXA'' or GIG in the Middle East) is a French multinational insurance company. The head office is in the 8th arrondissement of Paris, France. It also provides investment management and other financial services. The Ax ...

as a chief economist was announced in January of the same year. In this capacity, she worked under the leadership of the company's CEO

Thomas Buberl Thomas Buberl (born 24 March 1973), is a German businessman who has been the CEO of Axa since 2016. Early life Buberl was born on 24 March 1973 in Cologne, Germany. He earned a business degree from WHU – Otto Beisheim School of Management (Germ ...

OECD

On June 5, 2018, Boone was appointed as chief economist of the

, as a replacement to

Catherine L. Mann Catherine L. Mann is a member of the Monetary Policy Committee of the Bank of England. Before her appointment, she was the global chief economist at Citi from 2018 until 2021. She was also the chief economist at the OECD. Education Mann has a BA ...

. She took office on July 24, 2018, working under the leadership of secretary general José Ángel Gurría. In June 2021, Boone was also appointed to the

World Bank The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects. The World Bank is the collective name for the Interna ...

–

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 globa ...

High-Level Advisory Group (HLAG) on Sustainable and Inclusive Recovery and Growth, co-chaired by

Mari Pangestu Mari Elka Pangestu (; born 23 October 1956), is an Indonesian economist who has been managing director of Development Policy and Partnerships in the World Bank since 2020. The President of the World Bank, David Malpass, announced her appointmen ...

Ceyla Pazarbasioglu Ceyla Pazarbasioglu ( tr, Ceyla Pazarbaşıoğlu) is a Turkish economist. As of January 2010 she was an assistant director of the International Monetary Fund's (IMF) Monetary and Capital Markets department and was in charge of financial supervision ...

, and

Nicholas Stern Nicholas Herbert Stern, Baron Stern of Brentford, (born 22 April 1946 in Hammersmith) is a British economist, banker, and academic. He is the IG Patel Professor of Economics and Government and Chair of the Grantham Research Institute on Cli ...

. In January 2022, Boone was appointed as Deputy Secretary-General of the OECD, serving alongside

Kerri-Ann Jones Kerri-Ann Jones (born 1954) was vice president of research and science at The Pew Charitable Trusts. She is the former United States Assistant Secretary of State for Oceans and International Environmental and Scientific Affairs at the U.S. State D ...

and Ulrik Knudsen under secretary general

Mathias Cormann Mathias Hubert Paul Cormann (; ; born 20 September 1970) is a Belgian-born Australian politician and diplomat who currently serves as Secretary-General of the Organisation for Economic Co-operation and Development (OECD), having assumed the off ...

Other activities

Corporate boards

Kering Kering () is a French-based multinational corporation specializing in luxury goods. It owns the brands Balenciaga, Bottega Veneta, Gucci, Alexander McQueen and Yves Saint Laurent. The timber-trading company Pinault S.A. was founded in 1963, b ...

, Member of the Board of Directors (2010–2014)

Non-profit organizations

European Council on Foreign Relations The European Council on Foreign Relations (ECFR) is a pan-European think tank with offices in seven European capitals. Launched in October 2007, it conducts research on European foreign and security policy and provides a meeting space for decisi ...

(ECFR), Member of the Council * Jacques Delors Centre,

Hertie School The Hertie School (until 2019 Hertie School of Governance) is a German private, independent graduate school for governance (public policy, international affairs and data science) located in Berlin's Friedrichstraße. Hertie School is according t ...

, Member of the Advisory Board *

, MemberMembers
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Personal life

Boone is married to Polytechnician Xavier Faure, and mother of two children.

References

{{DEFAULTSORT:Boone, Laurence 1969 births Living people French women economists 20th-century French economists 21st-century French economists Paris Nanterre University alumni Alumni of London Business School Alumni of the University of Reading École Normale Supérieure faculty École Polytechnique faculty Sciences Po faculty Presidential advisors François Hollande Chevaliers of the Légion d'honneur People from Boulogne-Billancourt French people of Irish descent Members of the Borne government Women government ministers of France