Speaker biographies

Philip Arestis Philip Arestis is Director of Research at the Cambridge Centre for Economic and Public Policy, University of Cambridge, UK. He is External Adviser to the UK Government Economic Service (GES) and a Senior Scholar at the Levy Economics Institute, New York, USA. His research interests include macroeconomics and applied econometrics. He has published a number of books on the UK and US economies, including The Post-Bubble US Economy: Implications for Financial Markets and the Economy (Palgrave Macmillan, 2004).

Elias Karakitsos Elias Karakitsos is Director of Guildhall Asset Management and Chairman of Global Economic Research. He was Professor of Economics at Imperial College, London until 2001 and he is now an Associate Member of the Centre for Economic and Public Policy, University of Cambridge. He has pioneered work on the design of economic policy, written five books on the subject and advises financial institutions on economics and investment. He also runs the Guildhall Hedge Fund.

Hashem Pesaran Hashem Pesaran is a Professor of Economics at the University of Cambridge. Previously, he was head of the Economic Research Department of the Central Bank of Iran and Under-Secretary to the Ministry of Education, Iran. Professor Pesaran is the founding editor of the Journal of Applied Econometrics, a Fellow of the British Academy and a Fellow of the Econometric Society. He is an expert on the economics of oil and the Middle East. He has written or co-authored more than ten books. His research interests included real time economic modelling, econometric analysis and modelling credit risk.

Terry Barker  Terry Barker is Director of the Cambridge Centre for Climate Change Mitigation Research (4CMR), University of Cambridge, as well as Chairman of Cambridge Econometrics. He was a Co-ordinating Lead Author for the Intergovernmental Panel on Climate Change´s Fourth Assessment Report in 2007. His research interests include systematic modelling of policies to achieve climate stabilisation.

Leonardo Gambacorta Leonardo Gambacorta is head of the Money and Credit Unit in the Economic Outlook and Monetary Policy Department of the Bank of Italy. He holds a MSc in Economics from Warwick University and a PhD from the University of Pavia. He worked first as a financial analyst in the Supervision Department of Milan Branch of the Bank of Italy before becoming head of the Banking Sector Unit of the former Research Department. In 2002-2003 he spent a period as visiting scholar at the National Bureau of Economic Research. Author of many articles on the monetary transmission mechanism, his other research interests include: the study of the financial structure of the Euro area, banks' profitability and the business cycle, the links between financial stability and monetary policy, the optimal institutional arrangement for a monetary union. Leonardo Gambacorta's discussion at the Big Crunch Big Bang event will analyse how monetary policy can help to contain the credit crunch, and draw on the results of the latest Bank Lending Survey for the Euro area, to be disclosed in early November.

Session chairs
Saxon Brettell is Head of Research for the City of London Corporation. He is a leading UK economist with a career that spans private and public sectors. He has been a commodity forecaster, University lecturer, commercial manager of a business school and director of a leading economic forecasting consultancy.

John Llewellyn was Lehman Brothers' Global Chief Economist from 1995 to 2006 and then Senior Economic Policy Advisor until 2008. Prior to that he worked for seventeen years at the OECD, first in charge of international economic forecasting and ultimately as head of the Secretary General's private office.

Anatole Kaletsky is editor-at-large of The Times, where he writes a twice-weekly column on economics, politics and international relations. He is also a partner in GaveKal Research, a Hong Kong-based economic and financial consultancy.

Andy Ross is Deputy Director of the Government Economic Service, at HM Treasury. Previously a lecturer in economics and college director, Andy joined the civil service in 2000, when he jointly founded the Office of National Statistics micro-lab.

Michael Kitson is University Lecturer in global macroeconomics at the Judge Business School, Cambridge; Director of the Programme on Regional Innovation at the Cambridge-MIT Institute; Fellow of St Catharine's College, Cambridge; and Research Associate of the Centre for Business Research, Cambridge. His research interests include, economic policy, regional economics, corporate performance, technology transfer and the commercialisation of science. He has undertaken major research projects for the UK Department of Innovation, Universities and Skills; the National Endowment for Science, Technology and the Arts; the Economic and Social Research Council; and the Engineering and Physical Sciences Research Council. He has also provided evidence as an expert witness for the House of Lords Economic Affairs Committee's enquiry into globalisation. His current work in concerned with assessing the factors that drive regional competitiveness and innovation.

Michelle Baddeley lectures on Behavioural Economics at the University of Cambridge. She is Director of Studies in Economics at Gonville and Caius College. She is also the Principal Investigator on a Leverhulme Trust funded project - Investigating herding and social influence in economic / financial decision-making using behavioural and neuroscientific techniques. She is author of Investment - Theories and Analysis (2003) and co-editor of a number of volumes including Economic Growth: New Directions in Theory and Policy (2007), The 'New' Monetary Policy: Implications & Relevance (2005), Globalisation, Regionalism and Economic Activity (2003) and What Global Economic Crisis? (2001/2004).

Luisa Corrado is a Marie-Curie Research Fellow at the Faculty of Economics, University of Cambridge. She is a macroeconomist who specialises in monetary and international economics. Her recent research focuses on the role of banking and the financial sector in monetary policy analysis, and especially how bank liquidity and central bank policies can explain the recent financial turmoil. Another area of research is the empirics of economic growth and its relationship with individual well-being.

William Keegan is the Observer's senior economics commentator. He is a well known and highly respected financial journalist. He is a visiting Professor of journalism at Sheffield University and a Governor of the National Institute of Economic and Social Research. William Keegan's books include The Prudence of Mr Gordon Brown, Mrs Thatcher's Economic Experiment, and Britain Without Oil.

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