The Bank of England’s “temporary and targeted financial stability operation” proved highly effective at stabilising the gilt market. The Bank managed to break the feedback loop that had emerged, whereby margin calls [...]
About Richard Barwell (Edit profile)Head of Macro Research at BNP Paribas Asset Management. Richard is responsible for promoting collaboration between investment teams and formulating alpha-generating investment views across all asset classes. Richard has worked at Royal Bank of Scotland (Markets & International Banking and Global Banking & Markets) and the Bank of England as a Senior Economist. Richard has 16 years of investment experience.
Climate change represents a clear and present danger to the health and wellbeing of current and future generations. It is only natural that every unelected official who sets economic policy would reflect [...]
Large scale asset purchase programmes by central banks have become a familiar part of the landscape in financial markets. There is a lot of attention on what assets central banks plan to [...]
Forensic scrutiny of the decisions taken by policymakers and the analysis that underpins them is an essential component of a healthy public policy regime, particularly one where power has been delegated from [...]
No model and no loss function is not a recipe for good macroprudential policy Author: Richard Barwell Published: 27 September 2021 There is a problem with macroprudential policy. The two [...]