Charlie Bean
Encyclopedia
Charles Richard "Charlie" Bean (born September 16, 1953) is Deputy Governor at the Bank of England
Bank of England
The Bank of England is the central bank of the United Kingdom and the model on which most modern central banks have been based. Established in 1694, it is the second oldest central bank in the world...

.

Bean attended Brentwood School and Emmanuel College, Cambridge
Emmanuel College, Cambridge
Emmanuel College is a constituent college of the University of Cambridge.The college was founded in 1584 by Sir Walter Mildmay on the site of a Dominican friary...

, and was a contemporary of the comedian Griff Rhys Jones
Griff Rhys Jones
Griffith "Griff" Rhys Jones is a Welsh comedian, writer, actor, television presenter and personality. Jones came to national attention in the early 1980s for his work in the BBC television comedy sketch shows Not the Nine O'Clock News and Alas Smith and Jones along with his comedy partner Mel Smith...

 at both and the writer Douglas Adams
Douglas Adams
Douglas Noel Adams was an English writer and dramatist. He is best known as the author of The Hitchhiker's Guide to the Galaxy, which started life in 1978 as a BBC radio comedy before developing into a "trilogy" of five books that sold over 15 million copies in his lifetime, a television...

 at Brentwood School. He worked at Her Majesty's Treasury. He gained his Ph.D. at the Massachusetts Institute of Technology
Massachusetts Institute of Technology
The Massachusetts Institute of Technology is a private research university located in Cambridge, Massachusetts. MIT has five schools and one college, containing a total of 32 academic departments, with a strong emphasis on scientific and technological education and research.Founded in 1861 in...

 in 1981. In 1990 he was visiting Professor at Stanford University
Stanford University
The Leland Stanford Junior University, commonly referred to as Stanford University or Stanford, is a private research university on an campus located near Palo Alto, California. It is situated in the northwestern Santa Clara Valley on the San Francisco Peninsula, approximately northwest of San...

 in 1990, and then a lecturer at the London School of Economics
London School of Economics
The London School of Economics and Political Science is a public research university specialised in the social sciences located in London, United Kingdom, and a constituent college of the federal University of London...

, becoming a professor in 1990 and head of the Economics
Economics
Economics is the social science that analyzes the production, distribution, and consumption of goods and services. The term economics comes from the Ancient Greek from + , hence "rules of the house"...

 Department in 1999.

He has published articles on European unemployment, the Economic and Monetary Union
Economic and Monetary Union of the European Union
The Economic and Monetary Union is an umbrella term for the group of policies aimed at converging the economies of members of the European Union in three stages so as to allow them to adopt a single currency, the euro. As such, it is largely synonymous with the eurozone.All member states of the...

, and on macroeconomics
Macroeconomics
Macroeconomics is a branch of economics dealing with the performance, structure, behavior, and decision-making of the whole economy. This includes a national, regional, or global economy...

 generally. He was Managing Editor of the Review of Economic Studies
Review of Economic Studies
The Review of Economic Studies is a peer-reviewed academic journal in economics. It was established in 1933 and is published by Wiley-Blackwell. It is the eighth-ranked economics journal in overall impact according to the ranking of Kalaitzidakis et al...

 (1986–90). Bean has also served in a variety of public policy roles, such as consultant to Her Majesty's Treasury and as special adviser to both the Treasury Committee of the House of Commons and to the Economic and Monetary Affairs Committee of the European Parliament. He was a special adviser to the House of Lords
House of Lords
The House of Lords is the upper house of the Parliament of the United Kingdom. Like the House of Commons, it meets in the Palace of Westminster....

 enquiry into the European Central Bank
European Central Bank
The European Central Bank is the institution of the European Union that administers the monetary policy of the 17 EU Eurozone member states. It is thus one of the world's most important central banks. The bank was established by the Treaty of Amsterdam in 1998, and is headquartered in Frankfurt,...

.

Criticism

In September, 2010, Bean received criticism in the British press after he explained the Bank of England's policy of reducing household saving levels, saying "what we’re trying to do by our ­policy is ­encourage more spending; ideally we’d like to see that in the form of more business spending, but part of the mechanism that might encourage that is having more ­household spending".

External links

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