Main Content

Tiff Macklem

Tiff Macklem

Tiff Macklem

Tiff Macklem began serving as dean of the Rotman School in July, 2014

Bio

Tiff Macklem served as senior deputy governor of the Bank of Canada, sharing responsibility with the governor and four deputy governors for monetary policy and the Bank’s role in promoting financial stability. In that role, he was also the Bank’s chief operating officer and a member of its board of directors, overseeing strategic planning and coordinating the Bank’s operations. Macklem has also played a leading role in efforts to ensure stable financial systems worldwide through the Financial Stability Board.


Featured Work

Prior to his appointment at the Bank, Macklem served as associate deputy minister of the federal Department of Finance and Canada’s finance deputy at the G7 and G20. He also served as chair of the Standing Committee on Standards Implementation of the Financial Stability Board. In that role, he worked to establish an international system of peer review to promote and assess the implementation of new financial standards across the 24 most financially important countries in the world.

Macklem occupied increasingly senior positions in the Research Department (now Canadian Economic Analysis) until his appointment as chief in January 2000. He was appointed adviser to the governor in August 2003. In 2003-4, he was seconded to the Department of Finance, returning to the Bank as a deputy governor in December 2004. He re-joined Finance as associate deputy minister in 2007.

Macklem is a prolific researcher and has contributed articles to such publications as Canadian Public Policy, Canadian Journal of Economics, Journal of International Money and Finance, and the Financial Times, while providing chapters and commentaries on monetary policy in over a dozen books and conference proceedings. He has also been on the editorial board of Financial Systems Review, Bank of Canada Review, and Canadian Public Policy.

Born in Montréal, Quebec, Macklem graduated from Queen's University in 1983 with a bachelor’s degree in economics, and completed a master’s degree and a PhD in economics at the University of Western Ontario. Bilingual in French and English, Macklem brings with him a broad international network of colleagues in the most important global trade and finance organizations in the world. He and his wife relocated from Ottawa to Toronto and have three children.