SMPC Members

Philip Booth is Editorial and Programme Director at the Institute of Economic Affairs and Professor of Insurance and Risk Management at Cass Business School. Previously, Philip Booth worked for the Bank of England as an advisor on financial stability issues and he was also Associate Dean of Cass business School. He has written widely, including a number of books, on investment, finance, social insurance and pensions as well as on the relationship between Catholic social teaching and economics. He is Deputy Editor of Economic Affairs and on the editorial boards of various other academic journals. Philip is a Fellow of the Royal Statistical Society, a Fellow of the Institute of Actuaries and an honorary member of the Society of Actuaries of Poland. He has previously worked in the investment department of Axa Equity and Law and was been involved in a number of projects to help develop actuarial professions and actuarial, finance and investment professional teaching programmes in Central and Eastern Europe. Philip has a BA in Economics from the University of Durham and a PhD from City University.

Roger Bootle, one of the City of London’s best-known economists, runs the consultancy, Capital Economics, which specialises in macroeconomics and the economics of the property market. He is also Economic Adviser to Deloitte, a Specialist Adviser to the House of Commons Treasury Committee and an Honorary Fellow of the Institute of Actuaries. He was formerly Group Chief Economist of HSBC and, under the previous Conservative government, he was appointed one of the Chancellor’s panel of Independent Economic Advisers. He has written many articles and several books on monetary economics. He is also a regular columnist for The Daily Telegraph and appears frequently on television and radio.

Tim Congdon CBE is an economist and businessman, who has for over 30 years been a strong advocate of sound money and free markets in the UK’s public policy debates. He was a member of the Treasury Panel of Independent Forecasters (the so-called “wise men”) between 1992 and 1997, which advised the Chancellor of the Exchequer on economic policy. He founded Lombard Street Research, one of the City of London’s leading economic research consultancies, in 1989, and was its Managing Director from 1989 to 2001 and its Chief Economist from 2001 to 2005. He has been a visiting professor at the Cardiff Business School and the City University Business School (now the Cass Business School). He was a Visiting Research Fellow at the London School of Economics between 2005 and 2007. He was awarded the CBE for services to economic debate in 1997. His books include Monetarism: an Essay in Definition (London: Centre for Policy Studies, 1978), Monetary Control in Britain (London: Macmillan, 1982), The Debt Threat (Oxford and New York: Blackwell, 1988) and Reflections on Monetarism (Cheltenham: Edward Elgar, 1992). In 2005 the Institute of Economic Affairs published his monograph on Money and Asset Prices in Boom and Bust, and in 2009 it published a further monograph on Central Banking in a Free Society. A collection of papers on Keynes, the Keynesians and Monetarism (Cheltenham: Edward Elgar) appeared in September 2007. His latest book, Money in a Free Society (New York: Encounter Books, 2011), is more specifically a response to the Great Recession. In June 2009 Tim Congdon set up a new economic consultancy, International Monetary Research Ltd., of which he is now chief executive. Tim Congdon was honorary secretary of the Political Economy Club from 1999 to 2010, and is currently chairman of the Freedom Association.

Jamie Dannhauser joined Lombard Street Research (LSR) in September 2006 after completing his undergraduate studies at Trinity College, Cambridge. There he gained a first class honours degree in economics. He subsequently completed an additional degree course at Cambridge’s Judge Business School before entering the City. He is currently the senior UK economist at LSR; but also contributes extensively to the firm’s coverage of the Euro Area and Asian economies. Trends in money, credit and banking retain a central place in his macroeconomic analysis. Representing the company, Jamie has written articles for the Wall Street Journal, Financial Times and Financial World, while also being a founder member of City AM’s Shadow Monetary Policy Committee. Jamie is frequently asked to appear on radio and television to comment on global economic trends and financial market developments.

Anthony J. Evans is Associate Professor of Economics at ESCP Europe Business School. His research interests are in corporate entrepreneurship, monetary theory, and transitional markets. He has published in a range of academic and trade journals and is the co-author of The Neoliberal Revolution in Eastern Europe (Edward Elgar, 2009). He has conducted policy research for the Conservative Party and European Investment Fund, as well as managing consultancy projects for several corporate sponsors. He teaches Executive MBA classes across Europe and has written a number of Harvard-style cases. His work has been covered by most broadsheet newspapers and he has appeared on Newsnight and the BBC World Service. Anthony received his MA and PhD in Economics from George Mason University, USA, and a BA (Hons) from the University of Liverpool, UK.

John Greenwood OBE is Chief Economist of INVESCO plc. A graduate of Edinburgh University, he did economic research at Tokyo University and was a visiting research fellow at the Bank of Japan (1970-74). From 1974 he was Chief Economist with GT Management plc, based initially in Hong Kong and later in San Francisco. As editor of Asian Monetary Monitor he proposed a currency board scheme for stabilizing the Hong Kong dollar in 1983 that is still in operation today. Mr. Greenwood was a director of the Hong Kong Futures Exchange Clearing Corporation (1987-91) and council member the Stock Exchange of Hong Kong (1992-93). An economic adviser to the Hong Kong Government (1992-93), he has been a member of the Committee on Currency Board Operations of the Hong Kong Monetary Authority since 1998. Mr. Greenwood is a director of INVESCO Asia Ltd in Hong Kong, INVESCO Asset Management Singapore Ltd, and the Hong Kong Association in London. In 1980 he translated Yoshio Suzuki’s book, Money and Banking in Contemporary Japan from Japanese. In 2007 he completed a book entitled Hong Kong’s Link to the US Dollar: Origins and Evolution which covers the collapse of the currency in 1983 and its subsequent restoration to stability under the plan he devised.

Graeme Leach is Chief Economist & Director of Policy at the Institute of Directors, which he joined in 1998. He is also visiting professor of economic policy at the University of Lincoln. Prior to joining the Institute of Directors, he was an economics director at the Henley Centre (1995-98), a senior economic consultant at Pieda (1992-95), economic adviser to Scottish Provident Investment Group (1991-1992) and Chief UK Economist at the Henley Centre for Forecasting (1990-92), which he joined in 1988. He is a frequent media commentator and conference speaker on the economy and economic policy and has spoken at conferences in more than 20 countries around the globe over recent years. He is presently researching for a forthcoming book: Size Matters - Why downsizing the state could super-size the economy.

Andrew Lilico is the Managing Director of Europe Economics, an economics consultancy. His key relevant expertises are in: the design of monetary policy frameworks, particularly inflation targeting and price-level targeting (including a number of published articles and projects conducted in emerging markets); cost of capital analysis (particularly in economic regulation); housing market analysis (including projects for the UK government); and the impact of financial regulation (including projects for the European Commission, European Parliament, and Financial Services authority, particularly concerning the impact of EU regulation)

Kent Matthews is the Sir Julian Hodge Professor of Banking and Finance at Cardiff University. He is a graduate of the London School of Economics, Birkbeck and Liverpool University. He has held research posts at the LSE, National Institute of Economic & Social Research and Bank of England. He has held permanent and visiting academic appointments at Liverpool University, University of Leuven, University of Western Ontario, Liverpool John Moores University, Humbolt University Berlin and Cardiff University. He was Principal Economic Forecaster for the Liverpool Macroeconomic Research Group 1979-89 and UK Economist at Lombard Street Research Ltd 1994-95. He has been the Secretary of the SMPC since its establishment.

Patrick Minford has been the Professor of Economics at Cardiff Business School, Cardiff University from October 1997. Between 1967 and 1976 he held economic positions in: the Ministry of Finance, Malawi; Directors' staff, Courtaulds Limited; HM Treasury; HM Treasury's Delegation to Washington, DC; Manchester University; and the National Institute for Economic and Social Research. From 1976-1997, he was a Professor of economics at Liverpool University. Patrick Minford was also a member of the Monopolies and Mergers Commission between 1990 and 1996 and one of HM Treasury's Panel of Forecasters (the 'Six Wise Men') between January 1993 and December 1996. He was awarded a CBE for services to economics in 1996 and is the author of: books, articles and journalism on exchange rates, unemployment, housing and macroeconomics. Patrick Minford currently directs the Julian Hodge Institute of Applied Macroeconomics at Cardiff University Business School.

David B. Smith studied at Trinity College, Cambridge and the University of Essex. His subsequently career was mainly spent in the financial sector, commencing with the Bank of England, thereafter in clearing banks and securities houses. David B Smith is a Visiting Professor at the Derby Business School, has been a member of the SMPC since its inception in July 1997 and its Chairman since 2003. He maintains his own macroeconomic forecasting model at Beacon Economic Forecasting and has published numerous articles on monetary policy and the effects of public spending and taxes on economic performance, amongst other subjects. He has been a regular interviewee on radio and television since the early 1980s.

Akos Valentinyi has been the Head of Research at the National Bank of Hungary over the past two years and recently arrived in Cardiff to take up a chair in economics at Cardiff Business School. He is a graduate of the University of Economics in Budapest in 1987 and completed his PhD studies in Economics at the European University Institute in Florence. He was on the faculty of the University of Southampton from 1996, becoming Professor of Economics there in 2004. He has also been a visiting professor at the Central European University in Budapest and Universidad Carlos III in Madrid. His research primarily focuses macroeconomic issues, in particular, issues of long run growth and development.

Dr Peter Warburton is director of Economic Perspectives Ltd, a consultancy, and managing director of Halkin Services Ltd, an international risk analysis service. He is economic advisor to Ruffer LLP, an investment management company. He spent fifteen years in the City as economic advisor and UK economist for the investment bank Robert Fleming and at Lehman Brothers. Previously, he was an economic researcher, forecaster and lecturer at the London Business School and what is now the Cass Business School. He published Debt and Delusion in 1999 and edited the IEA Yearbook of Government Economic Performance 2002/03. He is a contributor to the Practical History of Financial Markets course run by the Stewart Ivory Foundation at Edinburgh Business School and teaches occasionally at Cardiff Business School.

Michael Wickens is Professor of Economics (part-time) at the University of York and Cardiff Business School. He is a former Managing Editor of The Economic Journal, Specialist Adviser to the House of Lords Select Committee on Economic Affairs, former Chairman of H.M. Treasury Academic Panel, and has consulted for the IMF, Bank of England, The UN Food and Agriculture Organisation and the EC Commission. His current research interests are in macroeconomics, finance and macroeconometrics. He has written Macroeconomic Theory: a Dynamic General Equilibrium Approach, Princeton University Press (2nd ed. 2012). Among his publications are articles in Econometrica, Journal of Econometrics, Journal of Applied Econometrics, Economic Journal, Review of Economic Studies, Review of Economics and Statistics, Journal of Money Credit and Banking, European Economic Review, Open Economies Review, Journal of Empirical Finance, Journal of Economic Dynamics and Control and Economic Policy.

Trevor Williams joined Lloyds Banking Group after working as an economist for the UK civil service. Prior to that, he was employed as a lecturer whilst studying for a PhD. Trevor is a Visiting Professor at the University of Derby. He lectures occasionally at various universities, including Cardiff, Birmingham and Manchester. As Chief Economist at Lloyds Bank Wholesale Banking & Markets, he leads a team that primarily supports the Bank’s trading and sales activities. Trevor is on the editorial board of Economia and the Journal of Corporate Treasury Management. He is also on the committee of the Financial Statistics User Group. He writes for various Lloyds TSB publications and for other outlets including Moneyfacts, has written a weekly article in City AM (for one year), a business column in the Sunday Express newspaper, (also for a year), Real Finance and numerous other articles in trade journals. He appears on television and in the financial press representing the Bank’s economic views.