Jonathan has also held Senior Management positions in the Bank’s Independent Evaluation Office and in the Bank’s Financial Stability department. His focus in these roles has been on the assessment of quantitative easing and on developing the FPC’s Macroprudential strategy. Previously, Jonathan spent six years working on monetary policy. First, in the analysis of credit conditions and unconventional policy following the financial crisis. Second, in constructing and presenting the MPC’s UK economic forecast.
Jonathan’s research interests reflect these roles and are policy focused. He is particularly interested in the transmission of both monetary and financial policy tools and in the identification of macro-financial risks.
Prior to joining the Bank of England in 2008, Jonathan obtained his Undergraduate and MPhil degrees in Economics at the University of Cambridge.
Jonathan's Bank Publications
The central bank balance sheet as a policy...
The central bank balance sheet as a policy tool: past, present and future
Credit, capital and crises: a GDP-at-Risk...
Credit, capital and crises: a GDP-at-Risk approach
Jonathan's selected academic publications
Would macroprudential regulation have prevented the last crisis? - with David Aikman, Anil Kashyap and Caspar Siegert, Journal of Economic Perspectives, Winter 2019 Edition
The analysis of money and credit during the financial crisis - the approach at the Bank of England - with J Bridges, J Cloyne, R Thomas and A Tuckett, Monetary Analysis at Central Banks (2016)