Arzu Uluc

Arzu Uluc is Research Lead in the Bank’s Financial Stability Strategy and Risk Directorate, a role she has held since 2023. She leads the directorate’s research agenda and sets its research strategy. She previously held the same role on an acting basis in the Prudential Policy Directorate (2021–2022), and was a Research Manager there from 2017. She joined the Bank in 2012 as a Research Economist.

Her research focuses on housing and mortgage markets, macroprudential policy, bank capital regulation and macro-financial interactions. It spans three strands: empirical analysis using large-scale loan-level data, theoretical models of housing markets and housing derivatives, and agent-based modelling. Her research has been published in leading journals, including the Review of Financial Studies and the Journal of Financial Intermediation. She co-founded ABM4Policy, an international network that brings together researchers from central banks, international institutions and academia to develop agent-based models for policy analysis, and co-organises its workshops and seminar series.

Arzu holds a PhD in Economics from the European University Institute. Before her doctoral studies, she worked at the Central Bank of the Republic of Turkey.

Research interests: Housing and mortgage markets; macroprudential policy; bank capital regulation; macro-financial linkages; agent-based modelling.