Lord Macpherson of Earl's Court
Former permanent Secretary of the UK Treasury (2005 - 2016)
Nick Macpherson (Lord Macpherson of Earl's Court GCB) was Permanent Secretary to the Treasury from 2005-16, serving three Chancellors and leading the department through the banking and wider economic crisis of 2007-9. Nick joined the Treasury as an economist in 1985, after studying economics at Balliol College, Oxford, and University College, London and was Principal Private Secretary to Ken Clarke and Gordon Brown in the 1990s. He is now a Visiting Professor at King's College, London, Chairman of C Hoare & Co and sits as a cross-bench peer in the House of Lords.
Professor of Economics (London Business School)
Lucrezia Reichlin is a Professor of Economics at the London Business School. She is the non-executive director of AGEAS Insurance Group and sits on the Board of Morgan Stanley International and its German subsidiary. Lucrezia is also Chair of European Corporate Governance Institute and a Trustee of IFRS. She is a columnist for the Italian national daily II Corriere della Sere and a regular contributor of Project Syndicate.
Presenters, Discussants, Chairs and Panelists
Professor of Economics (University of Lausanne)
Florin Bilbiie is Professor of Economics at University of Lausanne, Research Fellow of the CEPR and Editor of European Economic Review. Before 2018, he was a Professor at Paris School of Economics (PSE) and Univ. Paris 1 Pantheon-Sorbonne for 9 years, and before that at Oxford University (Nuffield College) and HEC Paris. He visited and consulted with several central banks (New York Fed, Chicago Fed, ECB, Bank of England, Bundesbank, Riksbank, etc.) and held visiting positions with the National Bureau of Economic Research, New York University (NYC and Abu Dhabi) and CREi Barcelona. Florin’s research focuses on business cycles and the role, effects and optimal design of monetary and fiscal policies, in environments with: heterogeneous households (limited participation and incomplete markets); firm entry/product creation and market power; and/or complementarities.
Professor of Economics (University of Oxford)
Andrea Ferrero is a Professor of Economics at the University of Oxford and the Levine Fellow in Economics at Trinity College Oxford. He holds a BA in Economics from Bocconi University, an MSc in Economics from Universitat Pompeu Fabra, and a PhD in Economics from New York University. He is currently an academic consultant for the Bank of England and was a consultant the Norges Bank between 2014 and 2016.
Senior Economist (Bank of England)
Ambrogio Cesa-Bianchi is a Senior Economist at the Bank of England's International Directorate. He has broad expertise in econometric and general equilibrium (DSGE) modelling, and his research interests include international economics and finance, monetary policy, and housing. Ambrogio received his PhD in Economics from Cattolica University (Milano); he also holds an MSc in Economics from Pompeu Fabra University and a 5-year degree in Engineering from Politecnico di Milano.
Associate Professor in Economic Modelling and Forecasting (Warwick Business School)
Ivan Petrella is an Associate Professor in Economic Modelling and Forecasting at Warwick Business School, University of Warwick. He is also a CEPR Research Affiliate.
Financial Markets Research (European Central Bank)
Florian Heider leads the Financial Markets Research Section (within the Financial Research Division) at the European Central Bank. He is also a Research Fellow in the Financial Economics Programme of the CEPR, and an associate editor of the Journal of Financial Intermediation.
Skander van den Heuvel
Deputy Associate Director (Board of Governors of the Federal Reserve)
Skander van den Heuvel is a Deputy Associate Director in the Division of Financial Stability of the Federal Reserve Board. Before joining the Federal Reserve in 2008, Skander was an Assistant Professor in the Finance Department of the Wharton School of the University of Pennsylvania. He has also served as an Adviser in the European Central Bank’s Research department and he is a Fellow of the Wharton Financial Institutions Center.
PhD Researcher (European University Institute)
Matthias Rottner is a PhD Researcher at the European University Institute. In that position, Matthias conducts research on macroeconomics with a particular focus on macro-finance and monetary policy.
Research Economist (Bank of England)
Kristina Bluwstein is a Research Economist in the Macroprudential Strategy and Support Division at the Bank of England. She completed her PhD in Economics at the European University Institute.
Senior Economist (Federal Reserve Bank of Chicago)
Leonardo Melosi is a senior economist in the economic research department at the Federal Reserve Bank of Chicago. In that position, Melosi conducts research and analysis on macroeconomics and applied econometrics. Before joining the Fed as an economist in 2012, he served as an assistant professor at the London Business School. He has also been a visiting scholar at the Northwestern University and Columbia University. He is a Houblon-Norman Fellow at the Bank of England. Melosi’s research has been published in the American Economic Review, the Review of Economic Studies, the Review of Economics and Statistics, American Economic Journal: Macroeconomics, Journal of Econometrics, International Economic Review and the NBER Macroeconomics Annual. Melosi received a B.A. in economics from the LUISS University, Rome (Italy), an M.Sc. in international economics from the Graduate Institute of International and Development Studies, Geneva (Switzerland) and an M.A. and a Ph.D. in economics from University of Pennsylvania.
Research Economist (Bank of England)
Jenny Chan is a Research Economist in the Monetary Strategy Team at the Bank of England and a member of the Centre for Macroeconomics. She received her PhD in Economics from Universitat Pompeu Fabra in 2019. Her research interests include macroeconomics, monetary policy, and information friction.
PhD Student in Economics (University of Mannheim)
Oliver Pfäuti is a PhD student in Economics at the University of Mannheim, Germany. Before joining the PhD program in 2018, Oliver obtained a Master’s degree in Economics from the Universities of Bern and Basel, Switzerland, and a Bachelor’s degree in Economics from the University of Bern. His research focuses on macroeconomics, especially monetary policy, as well as issues related to non-rational expectations and how these expectations matter for the conduct of optimal monetary policy.
Senior Lead Economist (European Central Bank)
Caterina Mendicino is a Senior Lead Economist in the Monetary Policy Research Division (DG-Research) of the European Central Bank. She is interested in quantitative and empirical research in monetary and financial economics, with a particular focus on the real and financial stability effects of central bank policies and the interaction between monetary and macroprudential policies.
Financial Counsellor and Director (International Monetary Fund)
Tobias Adrian is the Financial Counsellor and Director of the IMF's Monetary and Capital Markets Department. Prior to joining the IMF, he was a Senior Vice President of the Federal Reserve Bank of New York, and the Associate Director of the Research and Statistics Group.
Vice President and Function Head (Federal Reserve Bank of New York)
Argia Sbordone is a Vice President and Function Head in the Macroeconomic and Monetary Studies Function of the Federal Reserve Bank of New York. Her research is in the field of macro and monetary economics, with a focus on the analysis of business cycle fluctuations.
Director General of the Directorate General Research (European Central Bank)
Frank Smets is Director General of the Directorate General Research of the European Central Bank. He is a Professor of international economics at the Centre for Economic Studies at the KU Leuven and an honorary professor in the Duisenberg chair at the Faculty of Economics and Business of the University of Groningen.
Monetary Policy Committee (Bank of England)
Gertjan Vlieghe is a member of the Monetary Policy Committee at the Bank of England. Prior to his appointment, he had been a partner and senior economist at Brevan Howard Asset Management, researching global macroeconomic trends and their interaction with asset prices. From 2005 to 2007 he was a bond strategist at Deutsche Bank. From 1998 to 2005 he held a number of posts at the Bank of England, including the post of Economic Assistant to Governor Mervyn King.
Juan M. Londono
Senior Economic Project Manager (Board of Governors of the Federal Reserve)
Juan M. Londono is a Senior Economic Project Manager at the Federal Reserve Board. He has a PhD in Business (Finance) from Tilburg University and in Quantitative Finance from the Basque Country University. His research interests include asset and derivative pricing, contagion and international transmission of shocks, uncertainty, text analysis, and financial stability.
Associate Professor of Economics (Imperial College Business School)
Stephen Hansen is an Associate Professor of Economics at Imperial College Business School. His research focuses on organizational economics and monetary policy and he draws on unstructured data sources and machine learning methods to address questions in these areas.
Head of the Monetary Policy Research Division (European Central Bank)
Michael Ehrmann is Head of the Monetary Policy Research Division in the ECB’s Directorate General Research. Previously, he worked as Director in the International Department and as Head of Research at the Bank of Canada, and held various positions at the ECB, including Head of the Financial Research Division. His research covers central bank communication, monetary policy transmission, international finance and household finance. It has been published in leading academic journals, including the Journal of Finance, the Review of Economics and Statistics and the Journal of Monetary Economics. He holds a PhD in Economics from the European University Institute in Florence, Italy.
Professor of Economics (University of Oxford)
Michael McMahon is a Professor of Economics at the University of Oxford and Senior Research Fellow at St Hugh’s College. He previously worked at Warwick University and has also given courses at INSEAD, NYU, Chicago Booth, LBS and LSE. He has delivered capacity building courses throughout Asia with the IMF’s Singapore Training Institute. He worked at the Bank of England for many years. Since April 2019, he serves as a member of the Irish Fiscal Advisory Council.
Assistant Professor of Finance (Chicago Booth)
Quentin Vandeweyer is an Assistant Professor of Finance at Chicago Booth. He holds a PhD in economics from Sciences Po Paris and an MSc in economics from Ecole Polytechnique. In 2020, he received the AQR Top Graduate Award at CBS. Prior to joining Booth, he worked in the Research Directorate of the European Central Bank. In 2017-18, he was an awardee of the Becker Friedman Institute’s MFM / Macro Financial Modeling Project.
Senior Financial Sector Expert (International Monetary Fund)
Roland Meeks is a Senior Financial Sector Expert in the Monetary and Capital Markets Department at the International Monetary Fund and a research associate at CAMA.
Economist (European Central Bank)
Andrej Sokol is an economist at the European Central Bank, having previously worked as a senior economist at the Bank of England. Andrej's research interests include international finance, monetary economics, empirical macroeconomics and forecasting. He holds an MSc in Economics from Queen Mary University of London and MSc and BSc degrees in Management Engineering from Politecnico di Milano.
Postdoctoral Economist (Danmarks National Bank)
Genevieve Nelson is a postdoctoral economist in the Research Unit of Danmarks National bank (the Danish Central Bank). She has a PhD in Economics from the University of Oxford. Her research interests are in macroeconomics, macro-finance, macroprudential policy and monetary policy.
Postdoctoral Researcher (MCC)
Francesca Diluiso is a Postdoctoral Researcher at the Mercator Research Institute on Global Commons and Climate Change (MCC), in Berlin. She received her BA from University La Sapienza and her MA and PhD in Economics from University of Rome Tor Vergata. Before joining MCC, she worked at Fondazione Eni Enrico Mattei (FEEM) and at the Joint Research Centre of the European Commission. Her research activity mainly focuses on the study of environmental regulation at business cycle frequency and on the interaction between monetary, fiscal, and climate policy in a context dominated by short-run uncertainty.
Rick Van der Ploeg
Professor of Economics and Research Director (University of Oxford)
Rick Van der Ploeg is a Professor of Economics and Research Director of the Oxford Centre for the Analysis of Resource Rich Economies at Oxford University, and a Senior Research Fellow of New College. He is an Adjunct Professor at the University of Amsterdam and a research fellow at CEPR, CESifo and the Tinbergen Institute.
Assistant Professor of Climate Economics and Finance (Vienna University of Economics and Business)
Irene Monasterolo is an Assistant Professor of Climate Economics and Finance at the Institute for Ecological Economics, Vienna University of Economics and Business. Irene holds a PhD in Agri-food Economics and Statistics from the University of Bologna, and two post-doctoral specializations in Cambridge (UK) and Boston (USA).
Assistant Professor of Head of Systemic Risk and the Financial Institutions Division (European Central Bank)
Paul Hiebert is Head of Systemic Risk and the Financial Institutions Division at the European Central Bank. His career has spanned various macroeconomic, financial and policy roles at the ECB, Reserve Bank of Australia and the Canadian Department of Finance. During this time, he has published empirical work on a wide variety of topics – ranging from financial cycles and housing markets to fiscal policy and international trade.
Senior Fellow (Bruegel and the Peterson Institute)
Nicolas Véron is a senior fellow at Bruegel and at the Peterson Institute for International Economics in Washington, DC. He was a co-founder of Bruegel starting in 2002, initially focusing on Bruegel’s design, operational start-up and development, then on policy research since 2006-07. He joined the Peterson Institute in 2009 and divides his time between the US and Europe.
Donald Khan holds the Robert V. Roosa Chair in International Economics and is a senior fellow in the Economic Studies program at the Brookings Institution. He is a former external member of the Financial Policy Committee at the Bank of England and a 40-year veteran of the Federal Reserve System, serving as a member and then vice-president of the Board of Governors from 2002-2010.
Professor at the School of Economics & Business Administration (University of Navarra)
Vitor Constancio is a professor at the School of Economics & Business Administration of the University of Navarra. He is also President of the Council ISEG - Lisbon School of Economics and Management, University of Lisbon, where he taught for many years. From June 2010 to May 2018, he served as Vice-President of the European Central Bank. He graduated in Economics from the Universidade Técnica de Lisboa.
Secretary General (Basel Committee on Banking Supervision)
Carolyn Rogers is the Secretary General for the Basel Committee for Banking Supervision. In this capacity, she also serves as the Chair of the Committee's Policy Development Group. She has 20 years of executive management experience in the financial services industry, having worked in both the public and the private sector. She was Assistant Superintendent of Regulation at the Office of the Superintendent of Financial Institutions (OSFI) in Canada and served as OSFI's representative on the Basel Committee.