David B. Smith studied economics at Trinity College, Cambridge, and the University of Essex before working as a macroeconomic modeller and economic forecaster, predominantly in banks and security houses, from 1968 to 2006. He was also a Visiting Professor at the University of Derby from 2006 to 2014 and Chairman of the IEA’s Shadow Monetary Policy Committee between 2003 and 2014. David has published numerous papers on topics such as fiscal policy, monetary issues and financial regulation since the mid 1970s. His IEA monograph Living with Leviathan: Public Spending, Taxes and Economic Performance gained the IEA’s Arthur Seldon Award for excellence in 2007.