BoE paper explores money and credit at sectoral level
Working paper models sectors separately before ‘knitting’ them together
A working paper published by the Bank of England sets out a framework for examining the dynamics of money and credit at a sectoral level, motivated by the "practical demands" faced by policy-makers.
A sectoral framework for analysing money, credit and unconventional monetary policy, by James Cloyne, Ryland Thomas, Alex Tuckett and Samuel Willis, uses the framework to examine "both the financial shock that was one of the causes of the recession, and the unconventional policies, such as
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