BIO

David Miles is Professor of Financial Economics at Imperial College Business School and a member of the Budget Responsibility Committee of the Office for Budget Responsibility.

He is a member of the Commission of the Irish Central Bank. Between May 2009 and September 2015 he was a member of the Monetary Policy Committee at the Bank of England. He has worked for Morgan Stanley and Merrill Lynch as well as academic roles at Birkbeck College, London and Oxford University.

His current research focuses on policy issues connected with fiscal sustainability, financial stability and the setting of monetary policy. Some ideas on the evolution of unfairness in the distribution of resources are explored in recent work.

He has done extensive work on housing markets and the changing patterns of mortgage markets. More recently he has focused on the impact of transport links and the rise in working from home. The impact of demographic change is an ongoing area of research.

He was awarded CBE in the 2016 Queens New Year’s Honours.

You can access some thought pieces, essays and newspaper articles from the links in the left-hand sidebar:

There is a recent CEPR discussion paper on defined benefit and defined contribution pensions schemes using the USS as an example to bring out wider points about optimal pension saving.

Evidence to the House of Lords Economic Affairs Committee on the UK Fiscal position (February 2024).

“Unappetising facts about the UK fiscal position”, (Telegraph newspaper, February 2024).

An essay on UK population growth and the standard of living, (The Times newspaper, 30 November 2019).

A review of "Crashed: How a Decade of Financial Crises Changed the World” by Adam Tooze, (Journal of Business, 2019).

“The Drift away from capitalism should be a cause for concern”, an op ed with Tony Yates from (The Times newspaper, July 2018.

“Why are the recent tax changes on rented properties in the UK bad?” (November 2016).

“Is there really a crisis in economics?” (Financial Times, January 2017).

Two papers om the economics of the Universities Pension scheme (the USS).

MEDIA

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FACULTY

  • Business School

POSITION NAME

  • Professor of Financial Economics

FIELDS OF RESEARCH