Bank of England
Professor David Miles joined the Monetary Policy Committee at the Bank of England in June 2009. He is also a Visiting Professor at Imperial College. Miles was formerly a professor of financial economics and head of the Finance Department at Imperial. As an economist he has focused on the interaction between financial markets and the wider economy. He was Chief UK Economist at Morgan Stanley from October 2004 to May 2009.
He has been a specialist economic advisor to the Treasury Select Committee. In Budget 2003, the Chancellor commissioned Professor Miles to lead a review of the UK mortgage market. The result, published at Budget 2004, was the report: "The UK mortgage market: taking a longer-term view". He is a council member of the Royal Economic Society, a research fellow of the Centre for Economic Policy Research and at the CESIFO research institute in Munich. He is a former editor of Fiscal Studies.
Articles by David Miles:
Bank capital requirements: Are they costly?
17 January 2013, 16036 reads
Quantitative easing and unconventional monetary policy
27 November 2012, 9586 reads
What is the optimal leverage for a bank?
27 April 2011, 18016 reads
Monetary policy in extraordinary times
25 February 2011, 7409 reads
Holmes, McGrattan, Prescott
Beck, De Haas, Ongena