Policy Interaction

Maximilian Fandl

Chapter 6 in Monetary and Financial Policy in the Euro Area, 2018, pp 149-163 from Springer

Abstract: Abstract The three policy functions of monetary policy, banking supervision, and financial stability are interrelated in many ways. This chapter focuses on the intended and unintended policy interaction in the implementation of monetary and financial policy in the euro area. The first section summarizes the main characteristics of the three policy functions, based on the discussion in previous chapters. The second section analyzes their interaction, coordination, and frictions. It also provides case studies to illustrate the challenges of policy coordination in action.

Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sptchp:978-3-319-72643-4_6

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DOI: 10.1007/978-3-319-72643-4_6

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