Fischer Focus on Growth Helped Israel Beat World on Returns

Bank of Israel Governor Stanley Fischer celebrated the reconstruction of a South American synagogue transported to Jerusalem, giving tours in December to admiring donors. Yesterday it was Fischer who received plaudits for rebuilding, in this case the central bank and the economy it oversees.

“He’s done marvels in Israel,” Nobel laureate Robert Solow, who taught Fischer and then worked alongside him at the Massachusetts Institute of Technology, said in a telephone interview. “He’s played a terribly important role and I’ve no idea how they’ll replace him.”