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Professor Martin Weale

Professor of Economics

Postal Address

Department of Political Economy
King’s College London
Strand Campus
Bush House (North East Wing)
30 Aldwych
London WC2B 4BG


Room number: 7.10 Bush House (North East Wing)

Office hours:

Friday: 9:00am - 11:00 am


Martin Weale graduated in 1977 in Economics from Clare College, Cambridge. On graduating he took up an Overseas Development Institute Fellowship at the National Statistics Office in Malawi. He returned to Cambridge in 1979 to work on economic modelling projects directed by Sir Richard Stone and Professor James Meade, before becoming an Assistant Lecturer in 11987 and subsequently a Lecturer in the Faculty of Economics and Politics. He was elected a Fellow of Clare College in 1981.

In 1986-7 he held a Houblon-Norman Fellowship at the Bank of England.  He became Director of the National Institute of Economic and Social Research in 1995, holding the post until he joined the Bank of England’s Monetary Policy Committee in 2010. He took up his Chair at Kings after completing a second three-year term as an external member of the Committee.  He was appointed Commander of the British Empire in 1999 and received the degree of ScD from Cambridge University in 2006. In 2007 City University awarded him the honorary degree of DSc.

He is an applied economist with an interest in macro-economic and micro-economic problems. Recent work includes exploring the effects of the Bank of England’s asset purchase programme and an exploration of the relationship between the education of parents and that of their children. In 2016 he joined the Office for National Statistics Panel of Economics Experts and he is currently developing work on democratic measures of economic performance.


Undergraduate (third-year)

  • Macro-economic policy.


2016, What are the macroeconomic effects of asset purchases, Journal of Monetary Economics, Vol 79. Pp 81-93 With T. Wieladek.

2014, Education and its Effects on Income and Mortality of Men aged sixty-five and over in Great Britain, Labour Economics. Vol 27. Pp. 71-82. With R Dorsett and S. Lui.

2013, Efficient Aggregation of Panel Qualitative Survey DataJournal of Applied Econometrics, Vol 28. Pp 580-603. With J. Mitchell and R. Smith.

2012, Monthly GDP Estimates for Interwar BritainExplorations in Economic History, Vol. 49. Pp 543-556. With J. Mitchell and S. Solomou.

2011, A Cost-benefit Analysis of Cataract Surgery based on the English Longitudinal Survey of AgeingJournal of Health Economics, Vol. 30. pp 730-739.

2011, Qualitative Business Surveys: Signal or Noise? Journal of the Royal Statistical Society, Series A. Vol 174. pp 327-348. With Silvia Lui and James Mitchell.

2006, The Concept of Income in a General EquilibriumReview of Economic Studies, Vol. 73, pp 219-249. With J. Sefton.

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