School of Business and Economics

Our staff

Dr Christopher Spencer BA (Hons) (UEA), MSc (UEA), PhD (Surrey)

Photo of Dr Christopher Spencer

Senior Lecturer

Role of committees in setting monetary policy; EMU and EU enlargement; applied economics and macroeconomics

ECB001 :  Intermediate Macroeconomics  (Semesters 1 and2)
ECC035: Central Banking and Financial Crises  (Semester1)
ECP305: Dissertation  (Semester 3)


Christopher Spencer is an economist with expertise in the areas of monetary policy, financial economics, and applied econometrics. He also has an interest in the economics of standardization. Christopher began his academic career in 2001 as a Research Officer at Pembroke College, University of Oxford, contributing to a research project funded by the European Commission. Following this, he joined the Department of Economics at University of Surrey, UK, as an ESRC funded doctoral research student. His PhD examined the empirical and theoretical aspects of central bank policy-making, in which he applied panel data techniques to estimate reaction functions for Bank of England Monetary Policy Committee members. Prior to obtaining his PhD in Economics, he worked as a Research Fellow at the University of Surrey, during which time he acted as an external adviser to the UK Department of Trade and Industry, contributing to a report which examined the impact of manufacturing standards on economic growth. In October 2008, Christopher joined the School of Business and Economics (SBE) at Loughborough University as a Lecturer in Economics, enjoying numerous responsibilities in the areas of administration, research and teaching; he became a Fellow of the Higher Education Academy in 2014, and was promoted to Senior Lecturer in February 2016. In 2012/13 Christopher was awarded a prestigious Shimomura Fellowship at the Development Bank of Japan, Tokyo, and further to this, spent six months at Hitotsubashi University, Tokyo, as a Visiting Associate Professor.

Christopher has published in journals such as Public Choice, the Southern Economic Journal, Economics Letters, and the Economic History Review, and has presented his work at major conferences such as the Royal Economic Society Annual Conference and the Annual Congress of the European Economic Association. Presently, Christopher is supervising funded PhD research in the area of central bank communication and financial crises, and welcomes applications from prospective doctoral students with an interest in researching issues relating to central banking, monetary policy, and the history of US Federal Reserve System.

Research Interests:

In addition to the role of role of committees in setting monetary policy, Christopher's research interests include EMU and EU enlargement, applied economics and macroeconomics.

Key Publications:
"Inflated Ordered Outcomes," Economics Letters, forthcoming (with Robert Brooks and Mark N. Harris)

"A decade of dissent: explaining the dissent voting behavior of Bank of England MPC members," Public Choice, Vol 146(2), pp.413-442, October 2011 (with Mark N Harris and Paul Levine).

"How forward-looking is the Fed? Direct estimates from a `Calvo-type' rule," Economics Letters, Elsevier, vol. 104(2), pages 92-95, August 2009. (with Vasco Gabriel and Paul Levine)

"The Policy Choices and Reaction Functions of Bank of England MPC Members," Southern Economic Journal, Southern Economic Association, vol. 76(2), pages 482-499, October 2009. (with Mark N. Harris)

“A note on: jury size and the free rider problem” (with Parimal Bag & Paul Levine), (2005), Economics Bulletin, vol. 4(3), pages 1-12.

“Standards and Long-Run Growth in the UK” (with Paul Temple and Rob Witt) (2005), in The Empirical Economics of Standards, UK Department of Trade and Industry Economics Paper No.12 .