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Francis Cripps

Research Associate, CFAP

BA (University of Cambridge)

Professional Experience

In the 1960s Francis Cripps worked at the Department of Technical Cooperation in Thailand and subsequently assisted Nicholas Kaldor as an adviser at HM Treasury. In the 1970s he was a part-time adviser at the UK Departments of Trade and Industry and Energy. As Co-Founder of Alphametrics in the 1980s he developed a databank and modelling package with Charles Renfro of Philadelphia USA and then built a front-office Treasury system for the Bank of Tokyo which was subsequently taken up by many other Japanese banks. In 1993 he moved to Thailand to establish a development centre that supports the Treasury package in Japan and across Asia for one of the world's largest banks. In Thailand he has also implemented planning systems for the Bureau of the Budget and a risk management system for the Public Debt Management Office.

Previous Appointments

Francis Cripps was a Junior Lecturer in the Cambridge University Faculty of Economics and Politics before becoming a Research Officer in the Department of Applied Economics where he worked with Wynne Godley on the development of theoretical and applied macro-models for national and international policy analysis.

Research Interests

Macro-economics of the world economy; economic development; national and international economic policy issues.

Selected Publications

Cripps, F., Izurieta, A. and Singh, A. (2011) "Global imbalances, under-consumption and over-borrowing: the state of the world economy and future policies." Development and Change (forthcoming)

Cripps, F., Izurieta, A. and McKinley, T. (2007) "Developing a global model for trade, finance and income distribution." IPC Technical Paper #1, February, Brasilia.

Cripps, F., Eatwell, J. and Izurieta, A. (2005) "Financial imbalances in the world economy." Economic and Political Weekly, 40(52): 5453-5456

Cripps, F. and Ward, T. (1983) "Government policies, European recession and problems of recovery." Cambridge Journal of Economics, 7(1): 85-99

Godley, W. and Cripps, F. (1983) Macroeconomics. London: Fontana.

Cripps, F. and Godley, W. (1978) "Control of imports as a means to full employment and expansion of world trade: the UK's case." Cambridge Journal of Economics, 2(3): 327-334