Macroeconomic Policy after the Crash: Issues in Microprudential and Macroprudential Policy

Author:   Richard Barwell
Publisher:   Springer International Publishing AG
Edition:   1st ed. 2017
ISBN:  

9783319404622


Pages:   427
Publication Date:   03 March 2017
Format:   Hardback
Availability:   Manufactured on demand   Availability explained
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Macroeconomic Policy after the Crash: Issues in Microprudential and Macroprudential Policy


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Overview

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.

Full Product Details

Author:   Richard Barwell
Publisher:   Springer International Publishing AG
Imprint:   Springer International Publishing AG
Edition:   1st ed. 2017
Dimensions:   Width: 15.50cm , Height: 2.50cm , Length: 23.50cm
Weight:   7.863kg
ISBN:  

9783319404622


ISBN 10:   3319404628
Pages:   427
Publication Date:   03 March 2017
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Hardback
Publisher's Status:   Active
Availability:   Manufactured on demand   Availability explained
We will order this item for you from a manufactured on demand supplier.

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.

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Author Information

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).

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