Controversial MPC Member, Blanchflower, to Discuss Economy in GEP Lecture
Lecture to be held Thursday 29 January 2009 at 5pm, Room A48, Sir Clive Granger Building, University Park Campus. All welcome.
Professor David Blanchflower, whose warnings of recession were ignored by fellow Monetary Policy Committee members, will speak this week about the current economic crisis in a lecture at the Globalisation and Economic Policy Centre (GEP) at the University of Nottingham.
Professor Blanchflower’s lecture is entitled: “Macroeconomic Policy Responses in the UK”.
The isolated stance taken by Professor Blanchflower placed him at the centre of one of the highest-level policymaking disputes ever made public.
He consistently predicted the UK would pay a heavy price and fall into a lengthy downward spiral if the Bank failed to slash interest rates to stimulate the ailing economy.
Yet it was only amid the panic and seismic financial aftershocks generated by the dramatic collapse of giant investment bank Lehman Brothers that action was finally taken.
Professor Blanchflower became a member of the MPC in June 2006, but Chancellor Alistair Darling recently confirmed to MPs that he will step down in May this year.
British-born Professor Blanchflower, the Bruce V Rauner Professor of Economics at Dartmouth College in New Hampshire, flies to the UK each month to take part in MPC meetings.
His lecture, Macroeconomic Policy Responses in the UK, is part of GEP’s prestigious Leverhulme Globalisation Lecture Series and will take place on
29 January at 5pm.
For more information click here.
This is a public lecture, but likely to attract a lot of interest. Journalists wishing to attend are advised to contact Martin Stott at Bulletin PR who is organising facilities for the media.
E-mail Martin.stott@bulletinpr.co.uk or tel 07956 917 978
Or contact:
Tim Utton, Media Relations Manager, University of Nottingham
E-mail Tim.utton@nottingham.ac.uk or tel 0115 846 8092
Notes to editors:
About GEP
GEP - the Globalisation and Economic Policy Centre - is one of the major centres in the world studying the impacts of globalisation and economic policy. Based at the University of Nottingham (and part of the Nottingham School of Economics), it also has centres in China and Malaysia.
GEP staff have advised the Treasury, the Bank of England, the Commonwealth Secretariat and the World Bank.
GEP, which is substantially funded by grants from the Leverhulme Trust, is keen to promote its research work and is committed to communicating its expertise through the media and to assisting journalists whenever able.
Website: www.gep.org.uk
About Nottingham School of Economics
Nottingham School of Economics (NSE) is one of the leading teaching and research departments in the UK. Its standing among the elite economics departments for research in the UK was reinforced by the 2008 Research Assessment Exercise, which ranked its ‘research power’ among the top three in the country.
This measurement takes into account both the excellence and volume of the School’s research - all of which was classed as of international quality, and 85 per cent of which was defined as ‘world-leading’ or ‘internationally excellent’.
The School has been ranked consistently in the top ten Economics departments in the United Kingdom by The Times Good University Guide and hasa particular reputation internationally for its research on globalisation, experimental economics and time-series econometrics.
The school has around 50 full-time academic staff.
University of Nottingham
The University of Nottingham is ranked in the UK's Top 10 and the World's Top 70 universities by the Shanghai Jiao Tong (SJTU) and Times Higher Education Supplement World University Rankings.
It provides innovative and top-quality teaching, undertakes world-changing research and attracts talented staff and students from 150 nations. Described by The Times as Britain's "only truly global university", it has invested continuously in award-winning campuses in the United Kingdom, China and Malaysia.
Twice since 2003 its research and teaching academics have won Nobel Prizes. The University has won the Queen's Award for Enterprise in both 2006 (International Trade) and 2007 (Innovation — School of Pharmacy).
