![Stephen Millard](https://staging.economicsobservatory.com/wp-content/uploads/2022/05/Stephen-Millard.jpg)
Stephen is the Deputy Director for Macroeconomics at NIESR. He has a PhD from Northwestern University, supervised by the late Nobel Laureate Dale Mortensen. Prior to joining NIESR, he worked for 26 ½ years at the Bank of England in a variety of policy, research and managerial roles. He is also a Visiting Professor at the Durham University Business School and the University of Portsmouth. His research covers the broad area of macroeconomics with a focus on unemployment and inflation dynamics.