Five questions and six answers about macroprudential policy

J. Caruana and Benjamin Cohen

Financial Stability Review, 2014, issue 18, 15-24

Abstract: This article provides six answers to the following five questions: when can we properly describe a policy as “macroprudential”? Is macroprudential policy in danger of being overburdened or misused? How can conflicts between monetary and macroprudential policy be resolved? Is independence needed for macroprudential policy? Is international cooperation a good idea when using macroprudential policy?

Date: 2014
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