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I am a Research and Policy Advisor at the Bank of England, working in the Bank's Monetary Policy Strategy Division. Previously, I have worked in the Bank's International and Financial Stability Strategy and Risk Directorates. I am also a member of the Centre for Macroeconomics.

I completed my Ph.D. in Economics at the University of Cambridge.

This website is intended as a portal for dissemination of my academic research. The views expressed in my research do not necessarily reflect those of the Bank of England.

Research Interests: International Macroeconomics, Monetary Economics and Policy, Macro-Finance; Applied Macroeconomics.

Email: simon.lloyd@bankofengland.co.uk

Updates:

• [August 2025] Updated Bank of England Staff Working Paper: "Trading Blows: The Exchange-Rate Response to Tariffs and Retaliations" with Daniel Ostry and Giancarlo Corsetti

• [August 2025] New Chapter in Macroeconomics (Ph.D. Textbook): "International Macroeconomics" with Giancarlo Corsetti and Luca Dedola

• [June 2025] New Bank of England Macro Technical Paper: "Decompositions, forecasts and scenarios from an estimated DSGE model for the UK economy" with Daniel Albuquerque, Jenny Chan, Derrick Kanngiesser, David Latto, Sumer Singh and Jan Žácek

• [June 2025] Published in Research Handbook on Inflation: "Inflation Targeting and Monetary Policy in Practice: The Experience of the Bank of England" with Huw Pill and Galina Potjagailo

• [April 2025] Updated working paper: "The Transmission of Macroprudential Policy in the Tails: Evidence from a Narrative Approach" with Álvaro Fernández-Gallardo and Ed Manuel

• [November 2024] Updated draft: "Exchange Rates, Yield Curves and Transitory Risk" with Emile Marin

• [September 2024] Updated working paper: "Controls, Not Shocks: Estimating Dynamic Causal Effects in Macroeconomics" with Ed Manuel

• [July 2024] Published at Journal of International Economics: "Capital Controls and Trade Policy" with Emile Marin