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Chiswick resident Charles Bean has been appointed by the Queen as Deputy Governor of the Bank of England for Monetary Stability on the advice of Prime Minister Gordon Brown.

Welcoming the appointment of Mr Bean the Chancellor said, "I am delighted to announce the appointment of Charlie Bean as Deputy Governor for Monetary Stability at the Bank of England. He is a world-class economist with a great depth of experience in both academia and policy making environments.

"Appointing an economist of Charlie's calibre is particularly important amidst the significant global economic challenges the UK economy is presently facing."

Charlie Richard Bean is currently Executive Director and Chief Economist at the Bank of England, having been appointed to this position on 1 October 2000. In addition to his membership of the Monetary Policy Committee, Charlie is responsible for the Monetary Analysis & Statistics Divisions of the Bank.

After a spell in HM Treasury (1975-79 & 1981-82), Charlie joined the London School of Economics as a lecturer in 1982, becoming Professor of Economics in 1990 and Head of Department in 1999.

He has published widely, in both professional journals and more popular media, on European unemployment, on European Monetary Union, and on macroeconomics generally and has served in a variety of public policy roles, including: as consultant to HM Treasury; as special adviser to both the Treasury Committee of the House of Commons and to the Economic and Monetary Affairs Committee of the European Parliament; and as special adviser to the House of Lords enquiry into the European Central Bank.

June 20, 2008