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David Vines


David Vines. Associate, UK

David is an Australian macroeconomist with a career in research, writing and teaching in the UK. He is Emeritus Professor of Economics, and Emeritus Fellow of Balliol College, at Oxford University, and Director of the Ethics and Economics Programme at the Institute for New Economic Thinking in the Oxford Martin School. He is also a Research Fellow of the Centre for Economic Policy Research (CEPR) in London. From 1985 to 1992 David was Adam Smith Professor of Political Economy at Glasgow University.

David’s initial work was with the Nobel Prize winner James Meade in Cambridge; together they published some of the earliest research on inflation-targeting regimes. At the time of the global financial crisis, David was the Research Director of a European Union Framework Seven Research Programme that was analysing global economic governance. He worked closely with the CEPR to provide vital support for the UK Treasury, Cabinet Office and Foreign Office, in the run up to the G20 Summit in April 2009. After the crisis David convened an interdisciplinary group to study reform of the UK financial system, working within the Balliol College Interdisciplinary Institute. This led to a book called Capital Failure: Restoring Trust in the Financial Services, co-edited with Nicholas Morris, which was widely influential. More recently David played a significant role during Australia’s Presidency of the G20, providing senior Treasury officials, including the Secretary of the Treasury and Australia’s G20 Sherpa, with advice on Australia's proposals for raising the global rate of economic growth. This approach required considerable sensitivity, since the Australian government was pro-austerity at the time. The proposals were adopted by world leaders at the G20 Summit in Brisbane in November 2014.

David’s latest publications include Keynes: Useful Economics for the World Economy, written jointly with Peter Temin of MIT, a book which places Keynes’ General Theory in its global context. He is currently writing about the history of Australia as a settler economy, and the reasons for policy successes there since Federation in 1901.

David holds a BA in Economics and Mathematics from Melbourne University, and an MA and PhD in Economics from the University of Cambridge.

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