A leading economist delivered the first speech in his new role for the Bank of England at the University of Leeds.
Professor Alan Taylor, an external member of the Bank’s Monetary Policy Committee (MPC), shared his outlook on inflation dynamics.
The Bank of England’s MPC is responsible for making decisions about the bank rate. External members are appointed to ensure that the MPC benefits from thinking and expertise from outside the Bank.
Professor Taylor, who was born in Wakefield, spoke about recent developments in the UK economy, the outlook for interest rates and future monetary policy. He explained how evidence from the past joined with economic theory can inform his views on the future and policymaking.
He added: “It’s a great pleasure to return home to Yorkshire and have this opportunity to speak at the University of Leeds today, helping to explain and take questions on the Bank’s work from future graduates and the wider community.”
It’s an honour that Professor Alan Taylor chose Leeds University Business School to deliver his first public speech since he joined the MPC last autumn.
Following the speech, Greg Wright, Deputy Business Editor at the Yorkshire Post (pictured above, right) hosted a Q&A session with the audience, who asked questions about how to communicate policy to a wider audience and how climate change can impact policy decisions.
The event was hosted by the Accountancy and Finance department at Leeds University Business School.
Professor Julia Bennell, Executive Dean of Leeds University Business School, said: “It’s an honour that Professor Alan Taylor chose Leeds University Business School to deliver his first public speech since he joined the MPC last autumn.
“It was fantastic to hear Professor Taylor’s outlook on inflation dynamics and the talk today really highlighted the fundamental role of the Bank of England in key areas of economic policy.”
(Pictured left to right): Professor Julia Bennell, Professor Alan Taylor, Dr Martin Stow, Jane Madeley, Alex Golledge and Professor Konstantinos Bozos.
Professor Alan Taylor is an economist and a current Professor of International and Public Affairs at Columbia University. He is a research associate of the National Bureau of Economic Research and a research fellow of the Centre for Economic Policy Research. Professor Taylor graduated from Kings College, Cambridge and received a PhD in Economics from Harvard University.
Further information
For more information, please contact Rebecca Hurrey in the University of Leeds Press office at r.hurrey@leeds.ac.uk
To view the speech in full please visit the Bank of England’s webpage.
Picture credit: Simon and Simon Photography.