Background on Charlie Bean
13. Prior to joining the Bank, Charlie Bean was
a Professor of Economics at the London School of Economics. Between
1986 and 1990, Charlie Bean also served as Managing Editor of
the Review of Economic Studies, and he has had articles published
for a range of audiences. Prior to his appointment to the MPC,
he held a number of public policy positions, including as a consultant
to HM Treasury and as a Specialist Adviser on monetary policy
to the then Treasury Committee from 1997 to 2000. Charlie Bean
holds a PhD from the Massachusetts Institute of Technology and
an MA from Cambridge.
14. In announcing the appointment of Charlie
Bean as Deputy Governor, the Chancellor of the Exchequer said:
I am delighted to announce the appointment of Charlie
Bean as Deputy Governor for Monetary Stability at the Bank of
England. He is a world-class economist with a great depth of experience
in both academia and policy making environments. Appointing an
economist of Charlie's calibre is particularly important amidst
the significant global economic challenges the UK economy is presently
facing.[13]
Oral evidence
15. In oral evidence, we asked Charlie Bean about
his professional experience, his priorities as Deputy Governor,
and future challenges relating to monetary policy, including questions
about—
- The risks to inflation;
- Inflation expectations and
the extent to which current inflation is temporary rather than
persistent; and
- The reasons for the differences
between the public's perceptions of inflation and official measures
of inflation.
Assessment of personal independence
and professional competence
16. We are satisfied that Charlie
Bean has the professional competence and personal independence
required for the post of Deputy Governor of the Bank of England
for Monetary Policy. We therefore welcome his appointment and
wish him every success in his new post.
13 HM Treasury Press Notice 65/08, "Bank of England",
19 June 2008 Back
