NBER Research Associate Anne O. Krueger, a professor of economics at Stanford University, has been named First Deputy Managing Director of the International Monetary Fund. Krueger served as Chief Economist of the World Bank in the Reagan Administration. She succeeds NBER Research Associate Stanley Fischer, former head of MIT's Economics Department, who has held the position for the past seven years.

NBER Research Associate Kenneth S. Rogoff, a professor of economics at Harvard University, will succeed NBER Research Associate Michael Mussa as the International Monetary Fund's chief economist. Rogoff worked at the IMF in the early 1980s; he also has worked in the International Finance Division of the Federal Reserve Board of Governors.

NBER Faculty Research Fellow Kent Smetters, an assistant professor of insurance and risk management at The Wharton School, University of Pennsylvania, heads to Washington soon to become Deputy Assistant Secretary for Economics at the U.S. Department of Treasury. Smetters, who had been a visiting faculty member at Stanford University during the past academic year, was an economist with the Congressional Budget Office from 1995 to 1998.