Houblon-Norman/George Fellowships
Fellows
Alphabetical Listing | Research Topics since 1981
The Fund awarded ten Fellowships under the old scheme(see History), as follows:
- 1981/82
- Professor M H Miller , Professor of Economics, University of Warwick, researching "The policy implications of efficient financial markets in an "open" economy with a non-clearing labour market: theory and practice".
- 1983/84
- Professor J R Sargent , Group Economic Adviser to the Midland Bank, researching "Productivity, profitability and unemployment: recent experience and its explanation in the UK and other industrial economies".
- 1985/86 Shared between
- Professor D A Currie , Professor of Economics, Queen Mary College, London, researching "Expectations, Financial Buffer Stocks and Private Sector Portfolio Behaviour: Theory Evidence and Policy Implications" and
- Dr E J Driffill , Lecturer, Department of Economics, University of Southampton, researching "Expectations, strategic behaviour and policy design in macroeconomics".
- 1986/87 Shared between
- Dr D P Cobham , Lecturer in Economics, University of St Andrews, researching "The Determinants of Monetary Growth in the UK 1963-84" and
- Mr M R Weale , Research Officer, Department of Applied Economics, Cambridge, researching "Open Economy Management".
- 1987/88
- Mr P C McMahon , Senior Lecturer in Economics, University of Birmingham, researching "Risk, Expectations and Speculation in Foreign Exchange Markets".
- 1988/89
- Professor Colin Mayer , the City University Business School, researching "An International Study of Corporate Financing".
- 1989/90 Shared between
- Professor Michael Artis , Professor of Economics, Manchester University, researching "Operation and long term credibility of the European Monetary System" and
- Dr S H Thomas , Lecturer in Economics, Southampton University, researching "Empirical Modelling of Asset Returns, Prices and the Riskiness of Financial Institutions".
- 1990/91
- Dr Elroy Dimson , a senior lecturer in Finance and Prudential Research Fellow in Investment at London Business School, researching "Financial Econometrics".
- 1991/92 Shared between
- Professor P B Kenen , Professor of Economics and International Finance at Princeton University, researching "Macroeconomic Policy Co-ordination and Exchange Rate Management" and
- Dr Patricia Fraser , a Lecturer in Financial Economics at the University of Dundee, researching "UK Stock Returns and the Term Structure".
- 1992/93
- Professor M P Devereux , Professor of Finance at Keele University, researching "An Assessment of the Efficiency Gains from UK Company Mergers, 1970-1990".
Fellowships awarded by the Fund under the "new" scheme (see History page) are detailed below:
- 1993/94
- Professor John Campbell , Princeton University, researching "Index Bonds, Inflationary Expectations, Asset Pricing and Monetary Policy" - one month Senior Fellowship.
- Professor Richard Dale , Southampton University, researching "Prudential Regulation of Securities Firms within the single European Financial Market" - six months Senior Fellowship.
- Professor Gary Gorton , Visiting Associate Professor of Finance, University of Chicago, researching "Bank Loan Pricing; Managerial Control of Banks; Bank Loans and the Monetary Transmission Mechanism; Bank Regulation" - six months Senior Fellowship.
- 1994/95
- Professor Robert Barro , Harvard University, researching "Economic Growth and Government Policies" and "Monetary Policy as Interest-Rate Targeting" - one year Senior Fellowship.
- Dr Keith Blackburn , Southampton University, researching "Financial institutions, public policy and economic growth" - one year Fellowship.
- Professor Alan Kirman , European University Institute, researching "Epidemics of opinion and volatility in financial markets" - one month Senior Fellowship.
- Professor Christopher Pissarides , London School of Economics and Political Science, researching "The interaction between economic policy and growth" - three months Senior Fellowship.
- 1995/96
- Professor Martin Evans , Associate Professor of Economics, New York University, researching "Investigating the sources of excess returns in foreign exchange focusing on the roles played by risk aversion and regime shifts" - one year Senior Fellowship.
- 1996/97
- Professor Robert Aliber , Professor of International Economics and Finance, University of Chicago, researching "Determinants of Changes In Great Britain's International Investment Position" - 3 1/2 months Senior Fellowship.
- Professor Maxwell Fry , Tokai Bank Professor of International Finance, University of Birmingham, researching "Short-Term Interest Rate Variability and Volatility" - 3 months Senior Fellowship.
- 1997/98
- Professor Harold James , Professor of History, Princeton University, researching "The International Transmission of Financial Shocks during the Interwar Depression" - 3 months Senior Fellowship.
- Professor Laurence J Kotlikoff , Professor of Economics, Boston University, researching "Generational Accounting for the UK" - 6 months Senior Fellowship.
- Alessandro Missale , Assistant Professor, Dipartimento Scienze Economiche Universita di Brescia, researching "The Interaction between Monetary Policy and Public Debt Management" - 9 months Fellowship.
- 1998/99
- Professor Ronald McKinnon , Professor of Economics, Stanford University, researching "Constraining Governments and Regulating Banks in Federal Systems: Implications for the European Monetary Union" - 3 months Senior Fellowship.
- Professor Xavier Freixas , Professor of Economics, Universitat Pompeu Fabra, Barcelona, researching "Interbank Market and the Lender of Last Resort Intervention" - 12 months Senior Fellowship.
- Dr Niall Ferguson , Jesus College, Oxford, researching "The Political Economy of the International Bond Market, c 1780-1930" - 12 months Fellowship.
- 1999/2000
- Professor Laurence M Ball , Professor of Economics, Johns Hopkins University, researching “Inflation Inertia and the Costs of Recessions” ·12.5 months Senior Fellowship.
- 2000/01
- Dr David Philip Cobham , Reader in Economics, University of St Andrews, researching “The Making of Monetary Policy in the UK - 6 months Senior Fellowship.
- Professor Charles Chini Okeahalam , Donald Gordon Professor of Banking and Finance, The Graduate School of Business Administration, University of the Witwatersrand, South Africa, researching “Deposit Insurance and the Structure of Efficient Monitoring and Supervision in South Africa” ·2 months Senior Fellowship.
- Professor Rafael Repullo , Professor of Economics and Director, CEMFI, Madrid, researching “Interbank Lending, Liquidity Provision, and Bank Supervision”- 3 months Senior Fellowship.
- 2001/02
- Professor Anil K Kashyap , Professor of Economics, University of Chicago, researching "Monetary policy transmission" - 5 months Senior Fellowship.
- Professor David Anthony Vines, Professor of Economics, Balliol College, Oxford University, researching "Reform of the International Financial Architecture and the Design of Monetary Policy" - 3 months Senior Fellowship.
- Dr Monika Piazzesi , Assistant Professor, Anderson Graduate School of Management, UCLA, researching "Monetary Policy and the Term Structure of Interest Rates" - 1 month Fellowship.
- 2002/03
- Professor Francesco Giavazzi, Professor of Economics, Bocconi University, Milan, researching "Regulation and Deregulation in goods and labour markets" and "Macroeconomic policy in EMU" - 6 months Senior Fellowship.
- Professor Peter Sinclair, Professor of Economics, University of Birmingham, researching "Theory of Monetary Policy" - 6 months Senior Fellowship.
- Professor Kenneth West, Professor of Economics, University of Wisconsin, researching "Exchange Rates and Monetary Policy" - 5 months Senior Fellowship.
- Dr Richard Roberts, Reader in Business History, University of Sussex, researching "The Breakdown of the Bretton Woods System, 1971-73" - 3 months Fellowship.
- 2003/04
- Professor Lars Svensson, Professor of Economics, Princeton University, researching "Monetary Policy with Low Inflation" - 3 months Senior Fellowship.
- Dr John Turner, Lecturer in Finance, Queen's University of Belfast, researching "The Evolution of Banking Regulation in Britain: Theory, Evidence and Debate" - 2 months Fellowship.
- 2004/05
- Professor Michael Artis, Professor of Economics, European University Institute, researching "What determines business cycle affiliation across countries" - 7 months Senior Fellowship.
- Professor Lucrezia Reichlin, Professor of Economics, Universite Libre de Bruxelles, researching "Monetary Policy in Real Time" - 4 months Senior Fellowship.
- Dr Eran Yashiv, Visiting Reader at LSE and Senior Lecturer at the Tel Aviv University, researching "Financial Markets and the Macro-Economy: the Labour Market Connection" - 5-6 months Fellowship.
- 2005/06
- Professor Adam Posen, Senior Fellow, Institute for International Economics, researching "Empirical Investigations of Monetary Policy's Impact on the Political Economy of Structural Reform" - 6 months Senior Fellowship.
- Dr Gianluca Benigno, Lecturer, London School of Economics, researching "Optimal Monetary and Fiscal Policy for a Small Economy" - 6 months George Fellowship.
- Dr Christopher Meissner, Lecturer in Economics, University of Cambridge, researching "Duration of Exchange Rate Regimes and their Connection with Default Risk & the Role of the Voting Rule in Monetary Polic Committee Performance " - 3 months Fellowship.
- 2006/07
- Professor Robert Chirinko, Professor of Economics, Emory University, researching "The impact of housing market bubbles on household spending; and different approaches to monetary policy communication" - 2 months Senior Fellowship.
- Professor Ian Tonks, Professor of Finance, University of Exeter, researching "The implications of ageing and pensions for financial markets" - 9 months Senior Fellowship.
- Professor Alexander Swoboda, Professor of International Economics, Graduate Institute of International Studies, researching "The correction of current account imbalances from a historical perspective and the implications for the present US current account deficit" - 3 months George Fellowship.
- 2007/08
- Professor Charles Kahn, Professor of Finance, University of Illinois, researching "Payments economics and central bank policy" - 9 months Senior Fellowship
- Professor Thomas Sargent, Professor of Economics, New York University, researching "Model uncertainty and monetary policies" - 3.5 month Senior Fellowship
- Dr Tatiana Kirsanova, Lecturer in Economics, University of Exeter, researching "Strategic interactions between monetary policy and fiscal policy" - 3 months George Fellowships.
- For the academic year 2008/09 three senior fellowships have been awarded to:
- Professor Viral Acharya, Professor of Finance, London Business School, researching "Efficiency of inter-bank liquidity markets and the role of central banks" - 2 month Senior Fellowship.
- Professor Marcus Miller, Professor of Economics, University of Warwick,researching "Credit boom, credit crunch and central banking" - 2 month Senior Fellowship.
- Professor John Williamson, Senior Fellow, Peterson Institute for International Economics, researching "Growth-linked Securities" - 2 month Senior George Fellowship.
