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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
Authors: Davis, E. Philip ; Dilruba, Karim
Institutions: National Institute of Economic and Social Research
Extent:
application/pdf
Series:
Type of publication: Book / Working Paper
Source:
Persistent link: https://www.econbiz.de/10010721163
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