Shadow Monetary Policy Committee

The Shadow Monetary Policy Committee (SMPC) is a group of independent economists, which has met once a quarter since July 1997 at the Institute for Economic Affairs (IEA) to monitor the Monetary Policy Committee’s Bank Rate decisions, and to make rate recommendations of its own. In those months, where there is not a physical gathering the SMPC releases an e-mail poll, carried out in conjunction with the Sunday Times newspaper.
Most members are available for press comment and media appearances, subject to other commitments. Please contact Stephanie Lis, telephone 0207 799 8909, if you would like comment from an SMPC member.
SMPC minutes are distributed by the IEA and Lombard Street Research and are posted monthly on the IEA website.

SMPC membership

Chairman: David B. Smith, Visiting Professor, University of Derby.

Secretary: Professor Kent Matthews, Julian Hodge Professor of Money and Banking, Cardiff Business School, Cardiff University.

IEA representative: Professor Philip Booth, Editorial and Programme Director, IEA and Professor of Insurance and Risk Management at Cass Business School.

Other current members of the Committee are: Professor Patrick Minford (Cardiff Business School, Cardiff University); Roger Bootle (Capital Economics); Professor Tim Congdon (Visiting Fellow, London School of Economics); Jamie Dannhau