David Cobham is Professor of Economics. His main research area has been UK monetary policy, but he also has substantial research interests in European monetary integration, central bank independence, financial systems and Middle Eastern economies.Most recently he has worked on the issue iof monetary policy and asset prices, on the Bank of England’s reaction function, and on quantitative easing. He is an active member of the committee of the Money, Macro and Finance Research Group, and Associate Editor of the Review of Middle East Economics and Finance. He has been Houblon-Norman Research Fellow at the Bank of England in 1987, and again in 2001. He was a member of the organising committee of a Norges Bank conference on Inflation Targeting Twenty Years On (June 2009), and member of the organising committee of a conference on ‘The Euro Area and the Financial Crisis’ , hosted by the National Bank of Slovakia (September 2010). More recently he organised a conference on ‘Monetary policy before, during and after the crisis’ in September 2011.