Welcome to my website. I am a Senior Economist at the Bank of England in the Research Hub. This website is used to disseminate my research publicly.
Personal e-mail: saleembahaj[at]googlemail[dot]com
The Forced Safety Effect: How Higher Capital Requirements Can Increase Bank Lending with Frederic Malherbe (latest version August 2019)
Revisions requested at the Journal of Finance (2nd round)
This paper was previously circulated under the title "A Positive Analysis of Bank Behaviour Under Capital Requirements"
This is a substantially revised version of our working paper "What determines a Bank's Response to a Change in Capital Requirements" with Jon Bridges and Cian O'Neill.
Employment and the Collateral Channel of Monetary Policy with Angus Foulis, Gabor Pinter and Paolo Surico (latest version July 2019)
Central Bank Swaplines with Ricardo Reis (latest version June 2019)
Home Values and Firm Behaviour with Angus Foulis and Gabor Pinter (latest version April 2019)
Revisions Requested at the American Economic Review
This paper was previously circulated under the title "The Residential Collateral Channel".
Companion paper with a structural model: "The Residential Collateral Channel: A General Equilibrium Analysis"
Lending Relationships and the Collateral Channel with Gareth Anderson, Matthieu Chavaz, Angus Foulis and Gabor Pinter (latest version October 2018)
Sovereign Spreads in the Euro Area: Cross Border Transmission and Macroeconomic Implications Forthcoming at the Journal of Monetary Economics
This paper was previously circulated under the title "Systemic Sovereign Risk: Macroeconomic Implications in the Euro Area".
Macroprudential Policy Under Uncertainty with Angus Foulis, International Journal of Central Banking, September 2017, pp. 119-154
Work in progress:
Deconstructing the fiscal multiplier with Pontus Rendahl.