Beskrivning
Beskrivning
This book reviews the key policy debates during thepost-crash era, describing the issues that policymakers grappled with, thedecisions that they took and the details of the policy instruments that werecreated. It focuses specifically on the policy regimes at the epicentreof the crisis: micro- and macro-prudential policy with chapters exploring therevolution in the conduct of macroeconomic policy in the period since thefinancial crisis. The author shows that throughout this period policymakershave had to balance two conflicting objectives – to repair balance sheets inthe banking and public sectors whilst simultaneously trying to catalyse aneconomic recovery – and that has required them to innovate new tools and evennew policy regimes in response. This book goes behind the jargon and explainswhat exactly policymakers at the Bank of England, the Treasury and beyond didand why, from QE to austerity to Basel III.
