Jacques J. Polak

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Jacques Polak
Chief Economist of the International Monetary Fund
In office
1958–1980
PresidentPer Jacobsson
Pierre-Paul Schweitzer
Johan Witteveen
Jacques de Larosière
Preceded byEdward Bernstein
Succeeded byWilliam Hood
Personal details
Born
Jacques Jacobus Polak

(1914-04-25)25 April 1914
Rotterdam, Netherlands
Died26 February 2010(2010-02-26) (aged 95)
Bethesda, Maryland, U.S.
EducationUniversity of Amsterdam (PhD)
Academic career
InstitutionInternational Monetary Fund
FieldMonetary economics
Econometrics
InfluencesJan Tinbergen

Jacques Jacobus Polak (25 April 1914 – 26 February 2010) was a Dutch economist. He received his doctorate in economics in 1937 from the University of Amsterdam. His first professional work was with Professor Jan Tinbergen. In 1938 he began his international service at the Economic and Financial Organization of the League of Nations, where he served until 1943.[1]: 7  He was a member of the Netherlands delegations to the 1944 Bretton Woods Conference establishing the International Monetary Fund and to the Atlantic City conference that established the United Nations Relief and Rehabilitation Administration (UNRRA). During this period, he served at the Dutch Embassy in Washington. From 1944 to 1946, he was an Assistant Financial Adviser, and then Economic Adviser to the Director General of UNRRA.

He joined the staff of the International Monetary Fund in January 1947, serving first as Chief of the Statistics Division, and then as assistant director, deputy director, and from 1958, as Director, of Research. In 1966, he also became the Economic Counsellor of the Fund, a position which he held until his retirement from the Fund staff in 1979. After serving briefly as Adviser to the managing director, he was elected in January 1981 as executive director of the Fund for the constituency of

Organisation for Economic Co-operation and Development (OECD), and, after 1987, as President of the Per Jacobsson Foundation
.

The International Monetary Fund recently honored Polak by naming its annual research conference after him.[2]

Jacques Polak's first publication appeared in 1937. He wrote more than ninety papers and six books. One of his main contributions was an analytic model published in an article by Polak in 1957 and today known as the

Polak Model
.

Polak was elected a corresponding member of the Royal Netherlands Academy of Arts and Sciences in 1978.[3]

Selected publications

  • ——— (1943), "European Exchange Depreciation in the Early Twenties",
    JSTOR 1909265
    .
  • ——— (1955), "The Economics of Scrabble", .
  • ——— (1957), "Monetary Analysis of Income Formation and Payments Problems", .

References

Further reading

Diplomatic posts
Preceded by
Edward Bernstein
Chief Economist of the International Monetary Fund
1958–1980
Succeeded by
William Hood