(JTA) — Stanley Fischer, former governor of the Bank of Israel, was recognized for his lifetime accomplishments by the Stanford Institute for Economic Policy.
Fischer was awarded the institute’s Prize for Contributions to Economic Policy last week. The prize comes with a $100,000 award.
He has been nominated to replace Janet Yellen as vice chairman of the U.S. Federal Reserve. Yellen became the head of the Federal Reserve in January.
Fischer served for eight years as governor of the Bank of Israel, becoming an Israeli citizen when he assumed his position. He previously was the chief economist for the World Bank.
The institute is a nonpartisan economic policy research organization at Stanford.