BoE economists issue ‘call to arms’ for macro-prudential research
Researchers outline a simple framework to help understand the macro-prudential “balancing act”
Economists should devote more effort to developing models of the operation of macro-prudential policy, but a simple framework is still a useful starting point for guiding thinking, according to two Bank of England economists.
Angus Foulis and Jon Bridges, both members of the BoE’s macro-prudential strategy and support division, write in a blog post that the challenge is to model the “balancing act” between the benefits of greater resilience and the cost of throwing “sand in the wheels” of
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