Konjunktur Members of the ECB Shadow Council

with biographical information and links to personal websites (if available).

José Alzola
is a Managing Director within Citigroup’s Economic and Market Analysis department in London. Mr Alzola joined Citigroup in 1993 as a Southern Europe economist. At present, his responsibilities include the analysis and forecasting of the monetary policy of the European Central Bank and of the euro area’s economy. Prior to joining Citigroup, Mr Alzola spent six years with the Bank of Spain in Madrid, initially as an economist in the international department, and later as deputy head of foreign operations. Previous to his employment with the Bank of Spain, Mr Alzola spent three years as an economist at the Banco de Bilbao in Barcelona and Bilbao. Born in Bilbao, Spain, Mr Alzola graduated from the Universidad de Deusto-Bilbao and obtained an MA in Economics from the University of Chicago. He also holds a degree in Investment Management from London Business School.. He joined the ECB Shadow Council in June 2007.

Agnès Bénassy-Quéré
is director of the Paris-based economic research institute CEPII. She holds a PhD and is a university professor in economics. She began her career in the Forecasting Department of the French Ministry of Economy and Finance, before becoming a lecturer at the University of Cergy-Pontoise, professor at the University of Lille 2, Deputy Director of the CEPII, and professor at the University of Paris X-Nanterre. In 2004, she returned to the CEPII as Deputy Director. Agnès Bénassy-Quéré is a member of France’s Commission Economique de la Nation and the Cercle des Economistes. She also teaches at Ecole Polytecnhique and at Ecole Normale Supérieure of Cachan. Her research primarily covers the international monetary system and European macroeconomic policy. She has been a member of the ECB Shadow Council since April 2005.
»  Homepage of Agnès Bénassy-Quéré

Willem Buiter
born 1949 in the Netherlands is Professor of European Political Economy at the London School of Economics and Political Science and Professor of Economics at the University of Amsterdam. From 2000 to August 2005 he was Chief Economist of the European Bank for Reconstruction and Development. From 1997 to 2000 he served as external member of the Monetary Policy Committee of the Bank of England. Before this, he held professorships at Cambridge, Yale, LSE, Bristol and Princeton. He is Advisor to Goldman Sachs International and chairs the Council of Economic Advisors of the Second Chamber of the Dutch Parliament. Professor Buiter is married to Anne Sibert, Professor of Economics at Birbeck College, University of London. He joined the ECB Shadow Council in March 2006.
»  Homepage of Willem Buiter
»  Weblog of Willem Buiter


Jacques Cailloux
is Chief Euro Area Economist at RBS in London and heads up the Euro Area Macro Economic Research team of the bank. Prior to RBS he was in the private sector in London for 8 years, holding senior economist positions at J.P. Morgan, Barclays Capital and Deutsche Bank. He has also worked for the London based macro hedge fund Bluecrest. Jacques started his career in academia conducting research on the behaviour of financial investors and holds a PhD in international macro economics from Sorbonne University in Paris. He joined the ECB Shadow Council in June 2007.

Julian Callow
is Euopean Chief Economist of Barclays Capital in London. He started his career as an economist at the bank of England in 1987. He also held positions at Chase Manhatten, Dresdner Kleinwort Wassersein and CSFB. He is a founding member of the ECB Shadow Council.

Giancarlo Corsetti
is Pierre Werner Chair, joint professor at the Robert Schuman Centre for Advanced Studies and the Department of Economics at the European University Institute, on leave from the University of Rome III. He has previously taught at the Universities of Bologna, Yale and Columbia. He has been a scientific consultant to the European Central Bank and the Bank of Italy, and a visiting scholar at the Federal Reserve Bank of New York and the International Monetary Fund. He is currently Co-Director of the International Macroeconomic Programme of the Centre for Economic Policy Research in London, and a member of the European Economic Advisory Group at CESifo in Munich, publishing a yearly Report on the European Economy.
»  Homepage of Giancarlo Corsetti

Marie Diron
is an economist at the economic forecasting company Oxford Economics since November 2007. At this UK macro-forecasting consultancy she had started her carreer following her studies in Paris and Camebridge. In between she worked for five years for the Euroopean Central Bank in the forecasting team and then, as a principal economist, working on monetary policy preparation, notably for Prof. Otmar Issing. From the ECB she had moved to Hedge Fund Brevan Howard. She joined the ECB Shadow Council in January 2007.

Daniel Gros
is Director of the Centre for European Policy Studies (CEPS) in Brussels and a member of the Conseil d' Analyse Economique of the French prime minister.He holds a Ph.D. in Economics from the University of Chicago and started his career as an economist at the IMF in 1983. He is a founding member of the ECB Shadow Council.
» Homepage of Daniel Gros

Stephen King
is HSBC’s group chief economist and the Bank’s global head of economics and asset allocation research. He is directly responsible for HSBC’s global economic coverage and co-ordinates the research of HSBC economists all over the world. Stephen joined HSBC in 1988. From 1990 through to 1993, he was responsible for HSBC’s views on the Japanese economy. From 1993 through to 1998, he was responsible for the bank’s views on Europe. He became the bank’s chief economist in 1998. Stephen’s career began at H.M.Treasury, where he was an economic adviser within the civil service. He studied economics and philosophy at Oxford..

Thomas Mayer
joined Deutsche Bank in London in 2002 as Chief European Economist. Previously, he was employed with Goldman Sachs and Salomon Brothers. Before that he worked in the public sector, with the International Monetary Fund in Washington DC (1983-90) as a Senior Economist, with KfW in Frankfurt as a development aid economist (1982-83), and with Institut für Weltwirtschaft in Kiel (1978-82) as a research fellow. He is a founding member of the ECB Shadow Council.

Gernot Nerb
gained his PhD in Economics at the Munich University LMU. He has over 30 years of experience in Economic Forecasting, Macroeconomic Management and Analysis and Enterprise Surveys. He has been working as an Economic Advisor for the European Commission and was member of the Cecchini group to assess the economic impact of the „European Single Market“ project. He was a key Advisor to the Central Bank of Russia as well as to the Treasury of Turkey. As Senior Economist with Solomon Brothers he provided expertise on international financial and investment issues. With the ifo Institute he is responsible for empirical analysis of the Industrial, Construction and Service Sectors as well as the quarterly analysis and forecast of world economy on the basis on the ifo World Economic Survey. He is a founding member of the ECB Shadow Council.

Veronique Riches-Flores
is Chief European Economist of Société Générale based in Paris. She joined Société Générale in 1994 as head of the Global Economic Forecasting group and moved to her current position in 1996 to take responsibility for analysing and forecasting macro economics, interest and forex rates. Prior to joining Société Générale, Veronique was the Chief Financial Economist for Crédit d’Equipement des Petites et Moyennes Entreprises (CEPME) between 1990 and 1994 and an Economist at OFCE (French Observatory of Economics) between 1985 and 1990 where she covered the UK and the US economies. She joined the ECB Shadow Council in August 2006.

Jean-Michel Six
is Chief European Economist at Standard& Poor’s, based in London. Jean-Michel started his career at Banque Nationale de Paris as senior economist. He subsequently became Managing Director and Chief Economist at DRI, an economic forecasting firm, from 1984 to 1997. He then held several executive positions in consulting and market research firms in the US where he lived from 1997 to 2005. He has been in his current position since February 2005. Jean-Michel holds a PhD in economics from the University of Paris. He joined the ECB Shadow Council in June 2007.

Angel Ubide
is the Director of Global Economics at Tudor Investment Corporation, a global funds management company. He is an active member of the Euro50 Group (Paris) and the Observatory of the ECB (Madrid). He is also a member of the CEPS Macroeconomic Policy Group (Brussels and of the EU/US CSIS task force on the future of the European Union and its relations with the US. Dr. Ubide has written numerous academic papers on international macroeconomics, banking, and exchange rates, which have been published in major international journals. Prior to joining Tudor Investment Corporation, he was an economist at the International Monetary Fund, a management consultant with McKinsey and Co., and a research fellow at the European Forum of the European University Institute in Florence (Italy). He is a founding member of the ECB Shadow Council.

Charles Wyplosz
Charles Wyplosz is the Director of the International Center of Monetary and Banking Studies and a professor of economics at the Graduate Institute of International Studies in Geneva. A member of the Shadow Monetary Council since its establishment, he has served as consultant to many governments and international institutions.
» Homepage of Charles Wyplosz

» A List of former members

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