John Muellbauer is an Official Fellow of Nuffield College and Professor of Economics, Oxford University. He is also a member of the Academic and Policy Board of OXONIA, The Oxford Institute for Economic Policy. Professor Muellbauer is primarily an applied macroeconomist, though his microeconomic textbook with Angus Deaton, Economics and Consumer Behaviour (CUP 1980), is still in print. Current areas of research include modelling regional housing and labour markets in the UK, monetary transmission and policy, consumer behaviour, the South African and Japanese economies, and forecasting growth in the G7 countries. An important theme in his research has been the impact of institutional differences both across countries and through time, on monetary transmission and macroeconomic fluctuations. He currently holds research grants from the ESRC with Adrian Pagan on “Improving Methods for Macro-econometric Modelling”, and from DFID with Janine Aron on “New Monetary Policy Challenges for Sustainable Growth in South Africa”. He has been a consultant to the Bank of England, HM Treasury and the Office of the Deputy Prime Minister. He has contributed extensively to the UK debate over property taxation and also to the argument as to whether the UK should join the Euro. He is co-founder of the website www.housingoutlook.co.uk. He is a Fellow of the British Academy and of the Econometric Society.