Stephen Millard

Stephen Millard serves as Interim Director at the National Institute of Economic and Social Research (NIESR) and holds Visiting Professor roles at Durham University Business School and the University of Portsmouth. He has over 26 years of experience at the Bank of England, spanning policy, research, and managerial roles. His research focuses on macroeconomics, central banking, and climate policy impacts on economies.

• Education: PhD in Economics from Northwestern University (1990-1995), supervised by Nobel Laureate Dale Mortensen.
• Key Expertise: Monetary policy, inflation dynamics, macroprudential frameworks, and climate change implications for central banking.
• Publications: Over 20 articles in journals like the Economic Journal, Journal of the European Economic Association, and International Journal of Central Banking.

His work explores Brexit’s productivity effects, EU fiscal policies, and energy transition models. He frequently advises on macroeconomic challenges, including pandemic recovery and fiscal sustainability. Recent analyses address global economic divergence, policy mix optimization, and public investment strategies.

Millard’s contributions include modeling Northern Ireland’s economy, assessing the EU Recovery Facility, and analyzing UK energy policy in DSGE frameworks. His blog posts and policy responses highlight real-time economic issues, such as Trump-era trade tariffs and bond market turbulence.