Macroeconomic Policy after the Crash

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).

• 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.