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Macroeconomic Policy after the Crash Richard Barwell

Macroeconomic Policy after the Crash By Richard Barwell

Macroeconomic Policy after the Crash by Richard Barwell


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Summary

This book reviews the key policy debates during the post-crash era, describing the issues that policymakers grappled with, the decisions that they took and the details of the policy instruments that were created.

Macroeconomic Policy after the Crash Summary

Macroeconomic Policy after the Crash: Issues in Microprudential and Macroprudential Policy by Richard Barwell

This book reviews the key policy debates during the post-crash era, describing the issues that policymakers grappled with, the decisions that they took and the details of the policy instruments that were created. It focuses specifically on the policy regimes at the epicentre of the crisis: micro- and macro-prudential policy with chapters exploring the revolution in the conduct of macroeconomic policy in the period since the financial crisis. The author shows that throughout this period policymakers have had to balance two conflicting objectives - to repair balance sheets in the banking and public sectors whilst simultaneously trying to catalyse an economic recovery - and that has required them to innovate new tools and even new policy regimes in response. This book goes behind the jargon and explains what exactly policymakers at the Bank of England, the Treasury and beyond did and why, from QE to austerity to Basel III.

About Richard Barwell

Richard Barwell is an economist at BNP Paribas Investment Partners in London. Prior to that, he worked at the Royal Bank of Scotland (RBS), having earlier spent almost a decade at the Bank of England, working on issues of monetary and financial stability. He has a PhD from the London School of Economics, UK, and is the author of Macroprudential Policy: Taming the wild gyrations of credit flows, debt stocks and asset prices (Palgrave Macmillan, 2013).

Table of Contents

Part 1) Microprudential Policy.- 1) The causes of the crash.- 2) The crisis response.- 3) Global reform.- 4) Local Reform.- 5) The wider prudential policy agenda.- Part 1) Macroprudential Policy.- 1) The macroprudential agenda.- 2)Turf wars: the relationship between macroprudential policy and other policy regimes.- 3) The conventional instruments of macroprudential policy.- 4) Unconventional macroprudential instruments.- 5) MP-UK: Macroprudential policy in action in the United Kingdom.- 6) Macroprudential policy and the UK housing market.

Additional information

NLS9783319821085
9783319821085
3319821083
Macroeconomic Policy after the Crash: Issues in Microprudential and Macroprudential Policy by Richard Barwell
New
Paperback
Springer International Publishing AG
2018-05-03
427
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
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