Macro-prudential tools can boost long-run growth – BoE paper

Bank of England blue sky

Macro-prudential policies can support long-run growth, according to a theoretical framework laid out in a Bank of England working paper.

Dario Bonciani, David Gauthier and Derrick Kanngiesser look to fill what they see as a gap in the literature. Previous research, they say, has not yet addressed the long-term benefits of macro-prudential policy in a dynamic stochastic general equilibrium model. In the paper, they develop a medium-scale model with financial frictions and endogenous growth.


Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: