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 Ruth Porter, telephone 0207 799 8920, 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.
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 Dannhauser (Lombard Street research); Anthony Evans (ESCP Europe Business School); Dr Peter Warburton (Economic Perspectives Ltd); Professor Roger Bootle (Deloitte and Capital Economics Ltd); John Greenwood (AMVESCAP); Dr Andrew Lilico (Europe Economics); Graeme Leach (Institute of Directors); Professor Akos Valentinyi (Cardiff Business School, Cardiff University) and Trevor Williams (Lloyds TSB).