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UK Treasury looking to appoint head of monetary policy

Summary:
Interesting bit from UK Treasury (UK’s Finance Ministry). It is looking for Head of Monetary Policy to be part of its Fiscal Group! The Treasury is the United Kingdom’s economics and finance ministry. It is responsible for formulating and implementing the government’s financial and economic policy. Its aim is to raise the rate of sustainable growth, and achieve rising prosperity and a better quality of life with economic and employment opportunities for all. The Fiscal group is responsible for ensuring the sustainability of the public finances, over both the medium term and the long term, and for setting short-term fiscal policy so that it meets the government’s economic objectives for stability and growth. Operationally, it ensures that government’s financing needs are met, over both

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Interesting bit from UK Treasury (UK’s Finance Ministry). It is looking for Head of Monetary Policy to be part of its Fiscal Group!

The Treasury is the United Kingdom’s economics and finance ministry. It is responsible for formulating and implementing the government’s financial and economic policy. Its aim is to raise the rate of sustainable growth, and achieve rising prosperity and a better quality of life with economic and employment opportunities for all.

The Fiscal group is responsible for ensuring the sustainability of the public finances, over both the medium term and the long term, and for setting short-term fiscal policy so that it meets the government’s economic objectives for stability and growth. Operationally, it ensures that government’s financing needs are met, over both the short and medium term.

About the Team
The recently established Macroeconomic Policy (MP) team is responsible for developing the department’s thinking and advising ministers on macroeconomic policy. This includes short-term fiscal policy and monetary policy strategy. We work across Fiscal and Economics groups.

Key Accountabilities
This post offers an excellent opportunity for candidates looking to work on an exciting range of topics and develop a broad range of skills. The post holder will be joining an energetic community of analysts and policy advisers.

Key responsibilities include:
1. Advising the Chancellor, Special Advisers and the Treasury’s Executive Management Board (EMB) on the evolution of the UK’s monetary policy framework. Explore policy options for the remit of the Monetary Policy Committee (MPC) to support the delivery of the government’s economic objectives, and the implications of trends, such as low structural interest rates.
2. Advising the Chancellor and EMB on UK monetary policy developments. Including changes in the stance of monetary policy (including unconventional monetary policy such as Quantitative Easing) and the consequences for the government’s economic and fiscal objectives.
3. Ensuring the coordination of monetary and fiscal policy by supporting the Chief Economic Advisor in their role as Treasury representative to the MPC and the Chancellor’s discussions with the Governor of the Bank of England.
4. Leading the branch’s analysis on the economic and operational implications of monetary policy decisions, and potential future monetary policy tools.
5. Supporting the Treasury’s Chief Economic Advisor in appointing external members to the MPC. This involves designing and running a fair, open and competitive recruitment process.
6. Developing and maintaining engagement with the Bank of England staff.
7. Line managing one Range D – providing leadership, support and stretching opportunities.

Interesting. Monetary policy is getting increasingly complex and the Treasury wishes to be informed on how MOn Policy is evolving in UK and its future.
Eve this bit is super cool:
If you wish to discuss the post in more detail, the line manager (Matt Richmond, [email protected]) would be delighted to chat with you!
🙂
Amol Agrawal
I am currently pursuing my PhD in economics. I have work-ex of nearly 10 years with most of those years spent figuring economic research in Mumbai’s financial sector.

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