Policy Efficacy in the Crisis, Exit Strategies and the Return of Growth
In this paper we seek to provide a critical assessment of monetary and related financial-sector policies in the UK during and after the recent financial crisis. We find, in particular, that macroprudential surveillance failed to predict the depth of the crisis, and although some concerns were expressed, no prior policy action was taken (partly reflecting lack of macroprudential levers).
Year of publication: |
2010-09
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Authors: | Davis, E. Philip ; Dilruba, Karim |
Institutions: | National Institute of Economic and Social Research |
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