Jagjit S Chadha is director of the National Institute of Economic and Social Research. Previously, he was professor of economics at the University of Kent and also at Cambridge University. He was professor of economics at the University of St Andrews and Fellow at Clare College, Cambridge. He has also worked at the Bank of England on Monetary Policy and as chief quantitative economist at BNP Paribas, and has served as chair of the Money, Macro and Finance Research Group. He has acted as specialist adviser to the House of Commons Treasury Committee and academic adviser to the Bank of England and HM Treasury, and many central banks, as well as to the Bank for International Settlements. In London, he was the Mercers’ School Memorial Professor of Commerce at Gresham College from 2014–18.