Martin Weale
Martin Weale | |
|---|---|
| Born | December 4, 1955 United Kingdom |
| Occupation | Economist |
| Years active | 1981–present |
| Known for | Member of the Bank of England's Monetary Policy Committee (2010–2016), Director of the National Institute of Economic and Social Research |
Martin Robert Weale (born 4 December 1955) is a distinguished British economist who received his education at Highgate School and later at Clare College, Cambridge. There, he completed an MA in economics with first-class honours and held a fellowship from 1981 until 1995. On 5 July 2010, he was appointed to the Bank of England's Monetary Policy Committee, taking over from Kate Barker. He remained in this role until July 2016, when Michael Saunders succeeded him.
Weale has served as director of the National Institute of Economic and Social Research (NIESR) since 1995. In recognition of his contributions to economics, particularly following his involvement in a Treasury and Bank of England report on the Average Earnings Index, he was honoured with a Commander of the Most Excellent Order of the British Empire (CBE) in 1999. By 2010, he held a part-time professorship at Queen Mary, University of London.
Throughout his tenure at NIESR, Weale has produced numerous reports for various governments and institutions. A notable 2010 publication for the European Commission criticized the Labour government's consumption-led boom in Britain as unsustainable and stressed the importance of reducing the budget deficit.
Following his departure from the Monetary Policy Committee, Weale took on the role of Professor of Economics at King's College London, where his research centers on macroeconomic policy. He also contributes to the Office for National Statistics' panel of expert economists and is affiliated with the Centre for Macroeconomics at the London School of Economics. Moreover, he was among the founding trustees of Alzheimer's Research UK and currently serves on the board of trustees for the Kennedy Memorial Trust.