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.
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