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Personal profile

Research interests

Current research: Monetary policy and central bank independence, primarily in the UK and continental Europe, European monetary integration, financial systems, and macroeconomic and monetary policy in Middle Eastern economies.


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 of monetary policy and asset prices, on the Bank of England's reaction function,  on quantitative easing and on the classification of monetary policy frameworks

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). 

He organised a conference on 'Monetary policy before, during and after the crisis', sponsored by SIRE and the MMF, at Heriot-Watt University in September 2011. Papers from the conference were published in a special issue of Oxford Economic Papers (April 2013).

He co-edited, with Chris Adam and Ken Mayhew, an issue of the Oxford Review of Economic Policy (spring 2013) on 'The economic record of the Labour government, 1997-2010'.

He organised a conference on 'Monetary analysis and monetary policy frameworks' in Edinburgh in April 2014, papers from which were published in a special issue of The Manchester School.

He organised, together with George Bratsiotis of the University of Manchester, a seminar at Heriot-Watt in December 2015 on 'German macro: how it's different and why that matters', papers from which are now available on the European Policy Centre website.


  • HB Economic Theory
  • macroeconomics, monetary policy

Fingerprint Dive into the research topics where David Cobham is active. These topic labels come from the works of this person. Together they form a unique fingerprint.

Monetary policy Business & Economics
Central bank Business & Economics
Government Business & Economics
Economics Business & Economics
Inflation targeting Business & Economics
Politicians Business & Economics
Labor Business & Economics
Financial crisis Business & Economics

Co Author Network Recent external collaboration on country level. Dive into details by clicking on the dots.

Research Output 2001 2019

Central banks and house prices in the run-up to the crisis

Cobham, D., 2012, In : Oxford Economic Papers. 65, 1, p. i42-i65

Research output: Contribution to journalArticle

House prices
Central bank
Euro area

Monetary policy under the Labour government 1997-2010: the first 13 years of the MPC

Cobham, D., Jun 2013, In : Oxford Review of Economic Policy. 29, 1, p. 47-70

Research output: Contribution to journalArticle

Monetary policy
Open economy
Financial crisis

Financial crisis and quantitative easing: can broad money tell us anything?

Cobham, D. & Kang, Y., 2012, In : Manchester School. 80, Supplement, p. 54-76 23 p., 3.

Research output: Contribution to journalArticle

Quantitative easing
Financial crisis
Federal Reserve
Macroeconometric model

Forward guidance in the UK: Holding rates down till something happens

Cobham, D., 23 Oct 2013, Forward Guidance: Perspectives from Central Bankers, Scholars and Market Participants. den Haan, W. (ed.). Vox, p. 143-149 7 p.

Research output: Chapter in Book/Report/Conference proceedingChapter (peer-reviewed)