James Cloyne

The Analysis of Money and Credit During the Financial Crisis

An Empirical Sectoral Model of Unconventional Monetary Policy: The Impact of QE

This paper describes a sectoral empirical model of money and credit in the UK that can be used for analysing unconventional monetary policies that affect banks’ balance sheets. The …

Discretionary Tax Changes and the Macroeconomy: New Narrative Evidence from the United Kingdom

This paper provides new estimates of the macroeconomic effects of tax changes using a new narrative dataset for the United Kingdom. Identification is achieved by isolating …