Jonathan's Bank Underground blog posts
Credit, crises and inequality - May 2022
Modelling the Macroprudential Balancing Act - July 2017
Making Macroprudential Hay When the Sun Shines - December 2016
Biography
Jonathan is currently Head of the Bank’s Monetary and Financial Conditions Division in the Monetary Analysis department of the Bank. His division produces expert analysis on monetary, credit and financial conditions and advice on the monetary policy toolkit.
Previously, Jonathan has held Senior Management positions in the Bank’s Markets and Financial Stability departments and in the Bank’s Independent Evaluation Office. His focus in these roles has been on assessing financial conditions and the Bank’s policy toolkit, including quantitative easing and on developing the FPC’s Macroprudential strategy. Before these roles, Jonathan spent six years working in the Monetary Analysis department of the Bank. First, in the analysis of credit conditions and unconventional policy following the global 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.
Previously, Jonathan has held Senior Management positions in the Bank’s Markets and Financial Stability departments and in the Bank’s Independent Evaluation Office. His focus in these roles has been on assessing financial conditions and the Bank’s policy toolkit, including quantitative easing and on developing the FPC’s Macroprudential strategy. Before these roles, Jonathan spent six years working in the Monetary Analysis department of the Bank. First, in the analysis of credit conditions and unconventional policy following the global 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
Jonathan's selected academic publications
The Central Bank Balance Sheet As a Policy Tool: Lessons From the Bank of England's Experience - with Andrew Bailey, Jonathan Bridges, Richard Harrison, Josh Jones, Aakash Mankodi
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)