CEPR Researchers Andrew Scott, Michael McMahon, Liwa Rachel Ngai and Wendy Carlin, have been appointed to the advisory panel of the Office for Budget Responsibility this month, along 21 other members.
Since 2011, the Office for Budget Responsibility establishes an advisory panel of leading economic and fiscal experts to help develop its work programme and forecasting methods. This year, the panel's original membership was expanded to include specialists in macroeconomics and econometrics, public sector finances and public economics, financial markets and corporate finance, energy and climate change, health and longevity, labor market and migration, as well as public sector finances and public economics. Members of the panel will share insights on developments in their fields and provide input on key forecast issues, methods, and analysis.
Andrew Scott is a Research Fellow for CEPR's Monetary Economics and Fluctuations programme. Andrew is Professor of Economics at London Business School. Previously he was a Fellow at All Souls, Oxford and held positions at Harvard University, London School of Economics and Oxford University. His work focuses on longevity, ageing and demographics. He has been an Adviser to Chief Economists at both the Bank of England (on monetary policy) and H.M.Treasury (on fiscal policy and debt management), was a Non Executive Director for the Financial Services Authority and has been a part of the Advisory Board of the Office for Budget Responsibility for several years.
Michael McMahon is a Research Fellow for CEPR's Monetary Economics and Fluctuations programme and Leader for CEPR's Central Bank Communication Research Policy Network. Michael is Professor of Economics at the University of Oxford, a Senior Research Fellow at St Hugh's College, and an Associate Member at Nuffield College. His interests lie in most topics related to macroeconomic policy but particularly monetary policy (especially communication issues), fiscal policy, business cycles, and inventory behaviour.
Liwa Rachel Ngai is a Research Fellow for CEPR's Monetary Economics and Fluctuations and Macroeconomics and Growth programmes, as well as a Theme Leader for CEPR's Structural Transformation and Economic Growth (STEG) programme. Rachel is an Associate Professor in the Department of Economics at the London School of Economics and Political Science (LSE), a Research Fellow at the Institute of Labor Economics (IZA), and a member of Centre for Macroeconomics (CfM). Her research interests span the theory of economic growth, labour markets and housing markets, with focus on the structural transformation, time allocation across skills, gender and across countries, fluctuations in the housing market in the presence of search frictions and more recently on Hukou system and labour misallocation in China.
Wendy Carlin is a Research Fellow for CEPR's Monetary Economics and Fluctuations programme, and a Member of CEPR's Inequality and the Role of Firms Research Policy Network. Wendy is Professor of Economics at UCL. Her research focuses on macroeconomics, institutions and economic performance, the economics of transition, and economics education. She has been a member of the Expert Advisory Panel of the UK Office for Budget Responsibility and a Council Member of the Royal Economic Society for several years, and has recently been elected Fellow of the British Academy in 2023.
You can read more on the duty and expertise of the Advisory Panel to the Office for Budget Responsibility here.