Michael Bruno was born on July 30, 1932 in Germany. He later moved to Israel, where he studied Mathematics and Physics at the Hebrew University of Jerusalem. His exceptional academic performance paved the way for a successful career in economics.
After completing his studies, Bruno started his professional journey as the director of research at the Bank of Israel from 1957 to 1963. This experience helped him develop a deep understanding of economic principles and policies.
Throughout his career, Bruno held several prestigious positions. One of his most notable roles was serving as the World Bank Chief Economist. In this capacity, he made significant contributions to the field of economics and gained recognition for his expertise.
Bruno's influence extended to the central bank of Israel, where he served as governor. During his tenure, he implemented the 1985 stabilization plan, which successfully reduced the country's annual rate of inflation. This achievement solidified his reputation as a skilled economist.
Bruno's contributions to the field of economics did not go unnoticed. In 1974, he was awarded the prestigious Rothschild Prize for Social Science, highlighting his exceptional work and dedication to the discipline.
Outside of his professional endeavors, Bruno led a fulfilling personal life. He was married twice and had three children, balancing his career with his family commitments.
Michael Bruno's legacy as an economist is characterized by his innovative thinking and bold policy decisions. His work has had a lasting impact on the economic landscape of Israel and beyond, earning him a place among the most influential economists of his time.