Does Macro-Pru Leak? Evidence from a UK Policy Experiment

Shekhar Aiyar, Charles W. Calomiris, Tomasz Wieladek

NBER Working Paper No. 17822
Issued in February 2012

---- Acknowledgements -----

The authors are grateful to the Bank of England for providing data and encouragement. An earlier version of this paper appeared as a Bank of England Working Paper. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research, the Bank of England, or the International Monetary Fund.

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