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Report of the General Board on the re-establishment of a Professorship of International Macroeconomics

The GENERAL BOARD beg leave to report to the University as follows:

1. In 1993 the General Board accepted the case from the Faculty Board of Economics and Politics that, in order to raise the profile and improve the level of coverage of international economics within the Faculty, and given the growing importance of economics topics of international significance, there was a need to establish a senior post in the general field of international economics. The appointment was also intended to strengthen teaching and research in the areas of macroeconomics, international trade, and finance. The General Board accordingly agreed, in the light of the Faculty Board's recommendation, to propose the establishment of a Professorship of International Macroeconomics for one tenure from 1 October 1993.

2. The establishment of the Professorship, which was approved by Grace 11 of 19 May 1993, was conditional on the University Lectureship, that had been established by Grace 7 of 17 June 1992, being held in abeyance during the tenure of the Professorship.

3. Professor W. H. Buiter was elected to the Professorship from 1 July 1994, but resigned from the University with effect from 30 June 2000. The Faculty Board have now proposed that the Professorship be re-established for a further tenure to provide ongoing senior leadership in the broad field of macroeconomics and to enhance the Faculty's international reputation in this area. The Faculty Board have proposed that the Professorship be funded by placing into abeyance the Assistant Directorships of Research in the Faculty that became vacant on 1 May 2001 on the resignation of Dr P. Seabright and on 1 October 2000 on the resignation of Dr J. Dutta.

4. The General Board are assured that the Professorship will attract a strong field of well-qualified candidates: they have agreed to concur in the view of the Faculty Board that election to the Professorship should be made by an ad hoc Board of Electors and that candidature should be open without limitation or preference to all persons whose work falls within the general field of the title of the office.

5. The General Board recommend:

That a Professorship of International Macroeconomics be re-established in the University for a single tenure, from 1 January 2002, placed in Schedule B of the Statutes, and assigned to the Faculty of Economics and Politics.

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Cambridge University Reporter, 17 October 2001
Copyright © 2001 The Chancellor, Masters and Scholars of the University of Cambridge.