Charlie Bean

Charlie Bean
Member of the Monetary Policy Committee
Incumbent
Assumed office October 2000
Governor	Sir Edward George (2000-2003), Mervyn King(2003-present)
Personal details
Born	September 16, 1953 (1953-09-16)
Alma mater	Emmanuel College, Cambridge, Massachusetts Institute of Technology
Profession	Economist

Charles Richard "Charlie" Bean (born September 16, 1953) is Deputy Governor 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. 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.

Criticism

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".

External links

• Bank of England biography