Charlie Bean

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For the American animator, see Charlie Bean (animator).
Sir Charlie Bean
Charlie Bean.jpg
Deputy Governor of the Bank of England for Monetary Policy
Incumbent
Assumed office
2008
Governor Mervyn King
Mark Carney
Preceded by Rachel Lomax
Member of the Monetary Policy Committee
Incumbent
Assumed office
October 2000
Governor Sir Edward George (2000–2003)
Mervyn King (2003–2013)
Mark Carney (2013-present)
Personal details
Born (1953-09-16) 16 September 1953 (age 60)
Alma mater Emmanuel College, Cambridge, Massachusetts Institute of Technology
Profession Economist, Central Banker

Sir Charles Richard Bean (born 16 September 1953) is Deputy Governor for Monetary Policy at the Bank of England.

Bean attended Brentwood School and Emmanuel College, Cambridge, and was a contemporary of the comedian Griff Rhys Jones at both and the writer Douglas Adams at Brentwood School. He worked at Her Majesty's Treasury. He gained his Ph.D. at the Massachusetts Institute of Technology in 1981 with thesis title Essays in unemployment and economic activity under the supervision of Robert Solow.[1] In 1990 he was visiting Professor at Stanford University in 1990, and then a lecturer at the London School of Economics, becoming a professor in 1990 and head of the Economics Department in 1999.

He has published articles on European unemployment, the Economic and Monetary Union, and on macroeconomics generally. He was Managing Editor of the Review of Economic Studies (1986–90). Bean has also served in a variety of public policy roles, such as consultant to Her Majesty's Treasury and as special adviser to both the Treasury Committee of the House of Commons and to the Economic and Monetary Affairs Committee of the European Parliament. He was a special adviser to the House of Lords enquiry into the European Central Bank.

He was knighted in the 2014 Birthday Honours for services to monetary policy and central banking.[2][3]

Criticism[edit]

In September 2010, Bean received criticism in the British press after he explained the Bank of England's policy of reducing household saving levels, saying "what we’re trying to do by our ­policy is ­encourage more spending; ideally we’d like to see that in the form of more business spending, but part of the mechanism that might encourage that is having more ­household spending".[4]

References[edit]

External links[edit]