Mervyn King, former governor of the Bank of England, will share insights on the post-crisis economy in his upcoming stay at the institute as the Ta-Chung Liu Distinguished Visitor on April 3–15.
King taught and studied economics at leading universities in the United Kingdom and United States before joining the Bank of England in 1990. His distinguished career there culminated in a decade as its governor and chair of the bank’s Monetary Policy Committee. In this role he guided the British economy through the turbulence of 2008 financial crisis before leaving the bank in 2013.
Queen Elizabeth honored him with a knighthood and appointed him a life peer for his contributions to public service; he serves in the House of Lords as Baron King of Loftbury.
Students and faculty will have an opportunity to hear from and talk with King at a lecture at noon April 9, 2015, called “Reflections on Models of Stagnant Demand.” He will discuss how New Keynesian and other economic models hold up in light of the slow, weak recovery from the financial crisis.
On April 14, he will give a public talk on “Money and Nations,” exploring currency unions and challenges for the Euro and taking questions on the topic.
The Becker Friedman Institute is pleased to host a scholar and policymaker of King’s stature and give different groups a chance to learn from his experiences and perspectives. This opportunity and his visit are made possible by the generosity of Ernest and Joan Liu, who established a visiting scholar’s post in honor of Ernest’s father, Ta-Chung Liu.
The elder Liu was an expert on the Chinese economy and a distinguished econometrician at Cornell University who, like King, channeled his scholarly expertise into public service and policymaking. Liu was a key adviser to the government of Taiwan, helping to modernize its economy with currency and tax reform.
King studied at King's College and St. John's College at Cambridge University, and then at Harvard University as a Kennedy Scholar. He has taught at universities of Cambridge and Birmingham and served as visiting professor at Harvard University and the Massachusetts Institute of Technology. He became a professor at the London School of Economics in 1984.
He is a knight of the Order of the Garter and Knight Grand Cross of the Order of the British Empire. He also is a Fellow of the British Academy.
The institute is grateful to the Liu family for supporting his visit.