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.

Unification versus delegation: is one policy committee better than two?

It has been argued that the institutional set-up for monetary and macroprudential policy in the UK is in need of reform (see Turner (2022) and Allen (2022)). Rather than having two policy [...]

Unification versus delegation: is one policy committee better than two?, 2023-03-23T14:21:04+00:00

Reactions to the Bank of England’s gilt market operation

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 [...]

Reactions to the Bank of England’s gilt market operation, 2022-10-11T17:02:46+01:00

Reactions to the Bank of England’s December 2021 Financial Stability Report

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 [...]

Reactions to the Bank of England’s December 2021 Financial Stability Report, 2022-03-07T13:02:46+00:00

No model and no loss function is not a recipe for good policy

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 [...]

No model and no loss function is not a recipe for good policy2021-09-27T14:23:52+01:00
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