Professor Jagjit S. Chadha

An expert on financial markets and monetary policy, as well as aspects of monetary and financial history. He has written widely on the design of monetary, fiscal and financial policies and is available for comment on general issues of macroeconomics and social policy, as well as broader issues on the role of research in policy design.

Jagjit is Director of the National Institute of Economic and Social Research (NIESR).  Previously he was Professor of Economics at the University of Kent and at Cambridge and Professor of Economics at the University of St Andrews and Fellow at Clare College, Cambridge. He has worked at the Bank of England on Monetary Policy, as Chief Quantitative Economist at BNP Paribas, and has served as Chair of the Money, Macro, Finance Study Group. He has acted as Specialist Adviser to the House of Commons Treasury Committee and academic adviser to both the Bank of England and HM Treasury, and to many central banks, as well as the Bank for International Settlements. In the City of London he was the Mercers’ Memorial Professor of Commerce at Gresham College from 2014-2018 (see here).  He served as a member of the ESRC Strategic Advisory network until 2021.

In the 2021 Queen’s Birthday Honours he was awarded an OBE for his services to Economics and Economic Policy.

Research Interests

His main research interests are developing the links between finance and macroeconomics in general equilibrium models and has published widely in economics journals.  He is also editor of the Cambridge University Press series on economics, Modern Macroeconomic Policymaking and an associate editor of several journals.  He has recently published a book on Developments in Macro-Finance Yield Curve Modelling by Cambridge University Press and a number of papers related to the impact of quantitative easing on financial market prices.

Additional Information

Jagjit Chadha is a FRSA and FacSS , and also a member of:

  • Main Panel C for the REF2021
  • Council of the Royal Economic Society

Professor Chadha’s first series of lectures for Gresham College was on “Money, Monetary Policy and Central Banks: The Meeting of Art and Science“. His second series of lectures was entitled, “Some Macroeconomic Puzzles: Conjectural Refutations“, and his third series, “Where are after the Storm? The UK Economy in the Aftermath of Financial Crisis“.

His series for the academic year 2017/18 is entitled “Blueprint for Brexit Britain“.


Director’s “Commentaries” from our Economic Review below:

Director’s opening remarks to Economic Review press conference:

Director’s opening remarks to UK and Global Economic Outlook press conference