Stephen Nickell
Encyclopedia
Stephen John Nickell CBE (b. 25 April 1944) is a British
economist
and currently Warden of Nuffield College, Oxford
.
Nickell was educated at Merchant Taylors' School, Northwood
and Pembroke College, Cambridge
.
From 1965 until 1968 he was a mathematics
teacher at Hendon County School.
He was a postgraduate student at the London School of Economics
, where he took the degree of Master of Science
and was awarded the Ely Devons Prize. He worked at the London School of Economics
from 1970 until 1984, and again from 1998 until 2006, initially as Lecturer
(1970–77), Reader
(1977–79), and Professor of Economics (1979–84).
From 1984 until 1998 he was Professorial Fellow of Nuffield College, Oxford
, Professor of Economics in the University of Oxford
, and Director of the University of Oxford
Institute of Economics and Statistics.
From 1998 until 2006 he returned to the London School of Economics
as School Professor of Economics.
He was a member of the Bank of England
's Monetary Policy Committee
(MPC) from June 2000 to May 2006, when he was replaced by David Blanchflower
effective in the June 2006 meeting. In his final six meetings on the MPC, Nickell was the only member in favor of a decrease in the repo rate
by 25 basis points; all the other members voted to maintain the repo rate at 4.5%,http://www.bankofengland.co.uk/publications/minutes/mpc/pdf/2005/mpc0512.pdf http://www.bankofengland.co.uk/publications/minutes/mpc/pdf/2006/mpc0601.pdf http://www.bankofengland.co.uk/publications/minutes/mpc/pdf/2006/mpc0602.pdf http://www.bankofengland.co.uk/publications/minutes/mpc/pdf/2006/mpc0603.pdf http://www.bankofengland.co.uk/publications/minutes/mpc/pdf/2006/mpc0604.pdf
with the exception of David Walton
who supported an increase by 25 basis points in Nickell's final meeting. http://www.bankofengland.co.uk/publications/minutes/mpc/pdf/2006/mpc0605.pdf
In 2004 he became a Research Fellow of the Institute for the Study of Labor
.
He took up the post as Warden of Nuffield College, Oxford
in 2006.
HM The Queen
appointed him Commander of the Most Excellent Order of the British Empire
in the New Year's Honours List 2007 for services to economics.
He is a Fellow of the British Academy
(elected 1993), a Fellow of the Econometric Society
(1980), a Foreign Honorary Member of the American Economic Association
(1997), and a Foreign Honorary Member of the American Academy of Arts and Sciences
(2006). He is a past President of the Royal Economic Society
.
In July 2008 he was awarded an honorary DSc
by the University of Warwick
.
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
economist
Economist
An economist is a professional in the social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy...
and currently Warden of Nuffield College, Oxford
Nuffield College, Oxford
Nuffield College is one of the constituent colleges of the University of Oxford in England. It is an all-graduate college and primarily a research establishment, specialising in the social sciences, particularly economics, politics and sociology. It is a research centre in the social sciences...
.
Nickell was educated at Merchant Taylors' School, Northwood
Merchant Taylors' School, Northwood
Merchant Taylors' School is a British independent day school for boys, originally located in the City of London. Since 1933 it has been located at Sandy Lodge in the Three Rivers district of Hertfordshire ....
and Pembroke College, Cambridge
Pembroke College, Cambridge
Pembroke College is a constituent college of the University of Cambridge, England.The college has over seven hundred students and fellows, and is the third oldest college of the university. Physically, it is one of the university's larger colleges, with buildings from almost every century since its...
.
From 1965 until 1968 he was a mathematics
Mathematics
Mathematics is the study of quantity, space, structure, and change. Mathematicians seek out patterns and formulate new conjectures. Mathematicians resolve the truth or falsity of conjectures by mathematical proofs, which are arguments sufficient to convince other mathematicians of their validity...
teacher at Hendon County School.
He was a postgraduate student 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...
, where he took the degree of Master of Science
Master of Science
A Master of Science is a postgraduate academic master's degree awarded by universities in many countries. The degree is typically studied for in the sciences including the social sciences.-Brazil, Argentina and Uruguay:...
and was awarded the Ely Devons Prize. He worked 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...
from 1970 until 1984, and again from 1998 until 2006, initially as Lecturer
Lecturer
Lecturer is an academic rank. In the United Kingdom, lecturer is a position at a university or similar institution, often held by academics in their early career stages, who lead research groups and supervise research students, as well as teach...
(1970–77), Reader
Reader (academic rank)
The title of Reader in the United Kingdom and some universities in the Commonwealth nations like Australia and New Zealand denotes an appointment for a senior academic with a distinguished international reputation in research or scholarship...
(1977–79), and Professor of Economics (1979–84).
From 1984 until 1998 he was Professorial Fellow of Nuffield College, Oxford
Nuffield College, Oxford
Nuffield College is one of the constituent colleges of the University of Oxford in England. It is an all-graduate college and primarily a research establishment, specialising in the social sciences, particularly economics, politics and sociology. It is a research centre in the social sciences...
, Professor of Economics in the University of Oxford
University of Oxford
The University of Oxford is a university located in Oxford, United Kingdom. It is the second-oldest surviving university in the world and the oldest in the English-speaking world. Although its exact date of foundation is unclear, there is evidence of teaching as far back as 1096...
, and Director of the University of Oxford
University of Oxford
The University of Oxford is a university located in Oxford, United Kingdom. It is the second-oldest surviving university in the world and the oldest in the English-speaking world. Although its exact date of foundation is unclear, there is evidence of teaching as far back as 1096...
Institute of Economics and Statistics.
From 1998 until 2006 he returned to 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...
as School Professor of Economics.
He was a member of 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...
's Monetary Policy Committee
Monetary Policy Committee
The Monetary Policy Committee is a committee of the Bank of England, which meets for two and a half days every month to decide the official interest rate in the United Kingdom . It is also responsible for directing other aspects of the government's monetary policy framework, such as quantitative...
(MPC) from June 2000 to May 2006, when he was replaced by David Blanchflower
David Blanchflower
David Graham Blanchflower CBE is a leading labour economist, currently a tenured economics professor at Dartmouth College, Hanover, New Hampshire...
effective in the June 2006 meeting. In his final six meetings on the MPC, Nickell was the only member in favor of a decrease in the repo rate
Repurchase agreement
A repurchase agreement, also known as a repo, RP, or sale and repurchase agreement, is the sale of securities together with an agreement for the seller to buy back the securities at a later date. The repurchase price should be greater than the original sale price, the difference effectively...
by 25 basis points; all the other members voted to maintain the repo rate at 4.5%,http://www.bankofengland.co.uk/publications/minutes/mpc/pdf/2005/mpc0512.pdf http://www.bankofengland.co.uk/publications/minutes/mpc/pdf/2006/mpc0601.pdf http://www.bankofengland.co.uk/publications/minutes/mpc/pdf/2006/mpc0602.pdf http://www.bankofengland.co.uk/publications/minutes/mpc/pdf/2006/mpc0603.pdf http://www.bankofengland.co.uk/publications/minutes/mpc/pdf/2006/mpc0604.pdf
with the exception of David Walton
David Walton
David Robert Walton was a British economist, and a member of the Bank of England's Monetary Policy Committee from July 2005 until his death in June 2006....
who supported an increase by 25 basis points in Nickell's final meeting. http://www.bankofengland.co.uk/publications/minutes/mpc/pdf/2006/mpc0605.pdf
In 2004 he became a Research Fellow of the Institute for the Study of Labor
Institute for the Study of Labor
The Institute for the Study of Labor is a private, independent economic research institute. It was founded under the legal form of a limited liability company. Its German name is Forschungsinstitut zur Zukunft der Arbeit hence the abbreviation IZA...
.
He took up the post as Warden of Nuffield College, Oxford
Nuffield College, Oxford
Nuffield College is one of the constituent colleges of the University of Oxford in England. It is an all-graduate college and primarily a research establishment, specialising in the social sciences, particularly economics, politics and sociology. It is a research centre in the social sciences...
in 2006.
HM The Queen
Elizabeth II of the United Kingdom
Elizabeth II is the constitutional monarch of 16 sovereign states known as the Commonwealth realms: the United Kingdom, Canada, Australia, New Zealand, Jamaica, Barbados, the Bahamas, Grenada, Papua New Guinea, the Solomon Islands, Tuvalu, Saint Lucia, Saint Vincent and the Grenadines, Belize,...
appointed him Commander of the Most Excellent Order of the British Empire
Order of the British Empire
The Most Excellent Order of the British Empire is an order of chivalry established on 4 June 1917 by George V of the United Kingdom. The Order comprises five classes in civil and military divisions...
in the New Year's Honours List 2007 for services to economics.
He is a Fellow of the British Academy
British Academy
The British Academy is the United Kingdom's national body for the humanities and the social sciences. Its purpose is to inspire, recognise and support excellence in the humanities and social sciences, throughout the UK and internationally, and to champion their role and value.It receives an annual...
(elected 1993), a Fellow of the Econometric Society
Econometric Society
The Econometric Society is an international society for the advancement of economic theory in its relation with statistics and mathematics. It was founded on December 29, 1930 at the Stalton Hotel in Cleveland, Ohio....
(1980), a Foreign Honorary Member of the American Economic Association
American Economic Association
The American Economic Association, or AEA, is a learned society in the field of economics, headquartered in Nashville, Tennessee. It publishes one of the most prestigious academic journals in economics: the American Economic Review...
(1997), and a Foreign Honorary Member of the American Academy of Arts and Sciences
American Academy of Arts and Sciences
The American Academy of Arts and Sciences is an independent policy research center that conducts multidisciplinary studies of complex and emerging problems. The Academy’s elected members are leaders in the academic disciplines, the arts, business, and public affairs.James Bowdoin, John Adams, and...
(2006). He is a past President of the Royal Economic Society
Royal Economic Society
The Royal Economic Society is incorporated by a Royal Charter dated 2 December 1902. It is one of the oldest economic associations in the world. Currently it has over 3,300 individual members, of whom 60% live outside the United Kingdom...
.
In July 2008 he was awarded an honorary DSc
Doctor of Science
Doctor of Science , usually abbreviated Sc.D., D.Sc., S.D. or Dr.Sc., is an academic research degree awarded in a number of countries throughout the world. In some countries Doctor of Science is the name used for the standard doctorate in the sciences, elsewhere the Sc.D...
by the University of Warwick
University of Warwick
The University of Warwick is a public research university located in Coventry, United Kingdom...
.
Publications
A list of publications from 1999 until 2004 is available here: Professor Stephen Nickell, London School of Economics.External links
- Debrett's People of Today (12th edn, London: Debrett's Peerage, 1999), p. 1444
- Institute for the Study of Labor
- Stephen John Nickell FBA, CV complete up to 2006 (11 pages)
- HM Treasury