Welcome to the Personal Website for Paul Mizen


Bio

I am Professor of Monetary Economics and Director of the Centre for Finance, Credit and Macroeconomics, University of Nottingham and Chairman of the Money Macroeconomic and Finance Research Group. I have previously taught in the Economics Departments of the University of Vienna, the European University Institute, Florence and Princeton University.

My research interests span monetary economics, corporate finance and central banking; I have published 6 books and more than 100 articles on various aspects of monetary economics (listed in Researchgate, Repec IDEAS and Google Scholar Cites).

I have also been a consultant and visiting scholar to the Federal Reserve, the  Bank of England, the Bundesbank, the European Central Bank, the Bank for International Settlements, the International Monetary Fund and a number of other central banks and universities. I am also on Linkedin.

For more see the pages (left) about my research, policy impact, visiting positions, seminars and discussions, roles in the MMF and CFCM and teaching.

My current CV is here.

Recent Work

Reviewing the interest rate setting behaviour of UK banks after the financial crisis. In work with the Bank of England I have explored the impact of funding environment and competition on rate setting for fixed rate mortgages and deposits by the big six UK banks. We find transfer pricing inside each bank links individual bank funding costs to retail rates but competition limits banks’ ability to drive retail rates away from the market average.

Central banks have been puzzled why bank lending rates diverged from policy rates. In recent work with the Bank for International Settlements I explain why this is the case.
In Ireland the Finance Minister, Michael Noonan, scheduled meetings with the heads of banks over this very issue - see more on my impact page (left).

My recent work using bond market spreads to predict recessions (Economic Journal 2016 forthcoming) shows financial markets often anticipate changes in real activity up to two years ahead. More work on the information channel in the CDS market shows similar characteristics, and links the widening of spreads to credit events and changes in market liquidity. 



News

2016 As part of a team involving Professor Nick Bloom, the Bank of England and HM Treasury I have set up a Decision Maker Panel to review the effect of current economic uncertainty on UK firms investment, growth, sales, and cost of finance. Ben Broadbent, Deputy Governor for Monetary Policy has referred to this work here. It has been supported by the ESRC Nottingham Impact Accelerator.

2016 Funded by the Office for National Statistics Economic Statistics Centre of Excellence, as CI on successful NIESR  bid to develop a survey on management and uncertainty. We are now collaborating with Nick Bloom (Stanford),  Tatsuro Senga (QMUL) and  Phil Wales (ONS) to roll out an ONS-led statutory survey of 62,000 firms in mid 2017.

2016   Invited to be the Inaugural OeNB Visiting Professor at the University of Vienna established to mark the 650th anniversary  of the University of Vienna and the 200th anniversary of the Austrian National Bank (OeNB)).

2015 Regular Academic Visitor, Bank of England, Monetary Assessment and Strategy Division – joint research projects and advice on current monetary policy issues.



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Paul Mizen,
Nov 1, 2016, 5:18 AM
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Paul Mizen,
Apr 11, 2017, 7:28 AM
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Paul Mizen,
Nov 1, 2016, 5:49 AM
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Paul Mizen,
Nov 10, 2015, 12:17 PM
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Paul Mizen,
Nov 2, 2015, 7:57 AM
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Paul Mizen,
Nov 10, 2015, 12:18 PM