Director of the National Institute of Economic and Social Research (NIESR)

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 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. He served as a member of the ESRC Strategic Advisory network until 2021.

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.

In the 2021 Queen’s Birthday Honours he was awarded an OBE for his services to economics and economic policy.

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 editor of the Cambridge University Press series on Modern Macroeconomic Policymaking, an associate editor of several journals and author of The Money Minders, which examines the world of central banking. He has published a number of papers related to the impact of quantitative easing on financial market prices.