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Durham University

Research & business

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Professor Stephen Millard

Visiting Professor in the Business School


Professor Stephen Millard is a Senior Economist at the Bank of England working in the Structural Economic Analysis Division within Monetary Analysis, where he contributes to the Bank's conjunctural and forecast-related analysis and research, helping to ensure that this research and analysis is disseminated to, and is useful for, the Monetary Policy Committee. In addition, his role involves coordinating economic research across the division, and, more broadly, to promote and encourage research across the Bank, and to develop and maintain contacts outside the Bank, especially within UK acadaemia. He has a PhD from Northwestern University, where he studied with Nobel Laureate Dale Mortensen.

Please note that the views expressed in the publications below are those of the authors and do not necessarily reflect those of the Bank of England.

Research Interests

  • Macroeconomic modeling (in particular, of Inflation dynamics)
  • Labour economics
  • Technological change and growth
  • Time series econometrics


Edited book

  • Haldane, A., Millard, S.P. & Saporta, V.S. (2008). The future of payment systems. Routledge.

Journal Article