The Bank of Canada has appointed David Wolf to the permanent position of advisor and Jean Boivin to the rotating role of special advisor for the 2009-2010 term, the central bank said Thursday.

Wolf, head of Canadian economics and chief strategist with Banc of America Securities-Merrill Lynch in Toronto, will join the bank as advisor on June 1. He will draw on his experience and deep knowledge of the global and Canadian economies, as well as financial markets, to focus on issues related to monetary policy and to contribute to the bank’s research program.

Before joining Merrill Lynch Canada in 2005, he was economist and strategist for a Canadian investment dealer and had previously held a number of positions as a researcher in both the academic and public policy spheres. Wolf holds degrees in economics and engineering from Princeton University.

Boivin will join the bank in September 2009 for a term as special advisor, bringing his expertise in macroeconomics to enhance the bank’s research on Canada’s inflation target and the monetary policy framework. He currently holds the chair in Monetary Policy and Financial Markets at the Institute of Applied Economics at HEC business school in Montréal and has published widely. He has a PhD from Princeton University and has taught at the Columbia Business School.

IE