Michael Kumhof is Senior Research Advisor at the Research Hub of the Bank of England. He is responsible for co-leading this new unit, and for helping to formulate key parts of its research agenda. His previous position was Deputy Division Chief, Economic Modeling Division, IMF, where his responsibilities included the development of the IMF’s global DSGE simulation model. His main research interests are monetary reform, the role of banks in the macro-economy, the role of economic inequality in causing imbalances and crises, and the macroeconomic effects of fossil fuel depletion. Michael taught economics at Stanford University from 1998 to 2004. He worked in corporate banking for Barclays Bank from 1988 to 1993. His work has been published by AER, JME, AEJ Macro, JIE, JEDC, JMCB, EER, and Journal of Macroeconomics, among others. Dr. Kumhof is a citizen of Germany.