Eddie Gerba

Head of Prudential Policy Research


Eddie is the Head of Prudential Policy Research. He has the overall responsibility for shaping and implementing the research framework on prudential policy. He leads the research community in the Prudential Policy Directorate/PRA and works closely with senior (research) stakeholders across the Bank to drive the research agenda and governance forward. Prior to this, Eddie was the research manager for the Markets Directorate.

Eddie’s research interests lie at the intersection between finance and macroeconomics. This includes topics such as credit cycles, financial intermediation theory, market-based finance, systemic risks, financial crises, and macro-financial cycles. 

Eddie is also a Senior Visiting Fellow at London School of Economics, a Distinguished Affiliate at CESifo Research Institute in Munich and an Executive Committee member of the International Finance and Banking Society. Prior to joining Bank of England, he had worked as Macroprudential Policy Advisor at Danish National Bank, a Research Economist at the Bank of Spain, a Research Consultant at the European Central Bank and Monetary Policy External Expert at European Parliament.

Eddie's selected academic publications

Intangible Capital, Stock Markets and Investments: Implications for Macroeconomic stability Journal of Accounting and Finance (2020)
The role of cognitive limitations and heterogeneous expectations for aggregate production and credit cycles - with Paul de Grauwe, Journal of Economic Dynamics and Control (2018)
What is the Fiscal Stress in the Euro Area? Evidence from a Joint Monetary-Fiscal Structural Model - Ensayos Sobre Politica Economica (2018)
Monetary Transmission Under Competing Corporate Finance Regimes - with Paul de Grauwe, Ensayos Sobre Politica Economica (2017)
Financial Cycles and Macroeconomic Stability: How Secular is the Great Recession? - LAP Lambert Academic Publishing, Saarbruecken, Germany (2015)
Quest for Robust Optimal Macroprudential Policy - with Pablo Aguilar, Stephan Fahr and Samuel Hurtado, Dynare Working Paper Series No. 53 and Bank of Spain Working Paper Series No. 1916 (2020)
Macro-Financial Interactions in a Changing World - with Danilo Leiva-Leon, Danmarks Nationalbank Working Paper No. 153 and Bank of Spain Working Paper No. 2018 (2020)
Rationalising the Irrational: How relevant are beliefs for asset prices, credit and aggregate production? - with Paul de Grauwe, Banco de España Working Paper No. 1626 and CESIfo Working Paper No. 5573 (2017)Knightian Uncertainty and Credit Cycles, with Dawid Zochowski -ECB Working Paper No. 2068 (2017)
The Finance – Welfare State Nexus - with Waltraud Schelkle, ACES cases 2013:1. The American Consortium on EU Studies (2013)


This page was last updated 31 January 2023

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