- Home
- Publications
- Building On Incomplete Foundations: Financial Stability Policy Since The Crash
Building on incomplete foundations: financial stability policy since the crash


External Authors

Barwell, R
Related Themes
Macro-Economic Dynamics and PolicyJEL Code
D78, E58, E61, G18
Journal
National Institute Economic Review
Publisher
Sage Publications, London
External Resources
http://journals.sagepub.com/doi/full/10.1177/002795011724100112
Issue
241
Economists understand that a fit for purpose policy regime requires a reliable general equilibrium model of the system in question and a well specified description of the objectives that the policymaker is trying to pursue. The current financial stability regime has neither and without these critical foundations the regime is fundamentally fragile and incomplete. There is no anchor on the conduct of policy, an absence in genuine accountability and, as a result, reputational risks for policy institutions.
Related Blog Posts


Reassessing the Independence of the Bank of England
Stephen Millard
Carolina Garriga
11 Sep 2023
6 min read


What are the Main Issues Facing the UK Economy?
Stephen Millard
Hailey Low
Paula Bejarano Carbo
04 Jul 2023
7 min read
Related Projects
Related News



The Bank of England’s Job Is Difficult Enough As It Is, Without Government ‘Help’
22 May 2023
4 min read

Related Publications

The Impact of Rising Interest Rates on Housing Costs
09 Aug 2023
UK Economic Outlook Box Analysis


Prospects for Emerging Central and Eastern European Economies
02 Aug 2023
Global Economic Outlook Box Analysis

Related events

2022 Dow Lecture: The Economy and Policy Trade-Off

