David Aikman

Technical Head of Division - Macroprudential Strategy and Support Division


David is Technical Head of Division in the Macroprudential Strategy and Support Division within the Bank’s Financial Stability and Strategy Directorate.  His team is responsible for developing the Bank’s macroprudential framework, including its strategy for applying macroprudential tools.  

David recently spent two years on secondment at the Board of Governors of the Federal Reserve System in Washington DC.  He has also been a visiting scholar at the Bank of Japan’s Institute for Monetary and Economic Studies.

David's selected academic publications

Would macroprudential regulation have prevented the last crisis? - with Jonathan Bridges, Anil Kashyap and Caspar Siegert, Journal of Economic Perspectives, Winter 2019 Edition

Mapping heat in the US financial system – with M Kiley, S Lee, M Palumbo and M Warusawitharana, Journal of Banking and Finance (2017)
Monetary versus macroprudential policies: causal impacts of interest rates and credit controls in the era of the UK Radcliffe Report - with O Bush and A M Taylor, NBER Working Paper No. 22380 (2016)
Financial Vulnerabilities, Macroeconomic Dynamics, and Monetary Policy - with A Lehnert, N Liang and M Modugno, Finance and Economics Discussion Series (2016)
Mapping heat in the U.S. financial system - with M T Kiley, S Lee, M G Palumbo and M N Warusawitharana, Finance and Economics Discussion Series (2015)
Curbing the credit cycle - with A G Haldane and B D Nelson, Economic Journal (2015)
Reputation, risk-taking and macroprudential policy - with B Nelson and M Tanaka, Journal of Banking and Finance (2015)
Operationalising a macroprudential regime: goals, tools and open issues - with A Haldane and S Kapadia, Banco de España Financial Stability Journal (2013)

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