My name is Martin Seneca. I'm an economist specialising in monetary economics and policy. I work as a Research & Policy Advisor in the Monetary Policy Outlook Division at the Bank of England, the central bank of the United Kingdom.
This is my personal website. The views expressed on this site are my own and cannot be taken to represent those of the Bank of England or any other organisation to which I have been affiliated.
Monetary policy in the new normal
Policymakers should aim at inflation rates above but close to 2% to lean against inflation expectations close to the effective lower bound. Published in the International Journal of Central Banking.
Labour mobility and monetary policy
Trade-offs between activity in different sectors or regions are optimally resolved by targeting aggregate inflation (with labour market frictions justifying flexibility). Joint work with Daniela Hauser (Bank of Canada) forthcoming in the Journal of International Economics.
Bank of England staff present analysis and research on this blog. I am pleased to serve on the editorial board. Authors write in their individual capacity and there is no 'house view'. The content spans the range of central banking activities.