Market Monetarists, This Country Needs You
There’s a vacancy at the MPC. Who can fill Adam Posen’s shoes?
The Bank of England is the central bank of the United Kingdom. Standing at the centre of the UK’s financial system, the Bank is committed to promoting and maintaining monetary and financial stability. The Monetary Policy Committee (MPC) of the Bank of England has responsibility for formulating monetary policy.
The MPC comprises the Governor and the two Deputy Governors of the Bank, two of the Bank’s executive directors, and four external members appointed by the Chancellor of the Exchequer.
Candidates are sought for the role of External Member of the MPC. The closing date for applications is Friday 15th June 2012. Please read the candidate brief below for information on the role and application process.
The pay is not quite two trillion dollars, I’m afraid to say:
External MPC members are appointed on a part time basis averaging three days a week. Appointments are for a term of three years, and members may serve up to two terms. Total compensation will be £131,771 plus healthcare benefits. External MPC members are not required to hold UK nationality, but to fulfil duties are expected to be resident in the UK.