David Aikman joined King’s Business School in April 2020 as Professor (in Practice) of Finance and as the inaugural Director of the Qatar Centre for Global Banking and Finance. He is the co-organiser (with Richard Barwell) of the Bank of England Watchers’ conference, and he co-edits with Richard a blog dedicated to financial stability policy (www.macroprudentialmatters.com).

He is currently co-editing (with Prasanna Gai) a new Research Handbook of Macroprudential Policy, which will be published by Edward Elgar. David is a member of the Prudential Regulation Authority’s new Cost Benefit Analysis Panel, and of the Bank of England’s Macroprudential Roundtable.

In January 2023, David was Visiting Professor at Keio University, Tokyo. He has recently been an external expert at the Central Bank of Ireland, where he advised on a review of the central bank’s macroprudential policy framework, and in November 2024 he was a special departmental advisor at the Bank of Canada.

Prior to joining King’s, David spent 17 years working as an economist at the Bank of England – most recently in the role of Technical Head of Division in the Financial Stability where he led the Bank’s work on various macroprudential issues. Between 2013 and 2015, David was seconded to the Board of Governors of the Federal Reserve System in Washington DC, where he worked as an advisor in the Division of Financial Stability. In 2008, David was a Visiting Scholar at the Bank of Japan’s Institute for Monetary and Economic Studies. David represented the Bank of England in various international fora, including meetings of the Financial Stability Board, the Basel Committee, and the European Systemic Risk Board.

He is the author of various research papers on financial stability and macroprudential policy, and has a Ph.D. in Economics from the University of Warwick.

Are you accepting new PhD students?

Yes

Selected Publications

Aikman, David, Jonathan Bridges, Anil Kashyap, and Caspar Siegert. 2019. "Would Macroprudential Regulation Have Prevented the Last Crisis?" Journal of Economic Perspectives, 33 (1): 107-30. DOI: 10.1257/jep.33.1.107

David Aikman, Andrew G. Haldane, Benjamin D. Nelson, Curbing the Credit Cycle, The Economic Journal, Volume 125, Issue 585, 1 June 2015, Pages 1072–1109, https://doi.org/10.1111/ecoj.12113

David Aikman, Oliver Bush, and Alan M. Taylor. “Monetary Versus Macroprudential Policies: Causal Impacts of Interest Rates and Credit Controls in the Era of the UK Radcliffe Report” NBER Working Paper No. 22380 June 2016, Revised November 2018

Aikman, D., Haldane, A., Hinterschweiger, M. & Kapadia, S., 2019, “Rethinking Financial Stability”, published in Evolution or Revolution. Blanchard, O. & Summers, L. (eds.). MIT Press, p. 143-194

Aikman, David & Kiley, Michael & Lee, Seung Jung & Palumbo, Michael G. & Warusawitharana, Missaka, 2017. "Mapping heat in the U.S. financial system," Journal of Banking & Finance, Elsevier, vol. 81(C), pages 36-64.