Exploring the Nexus between Macro-Prudential Policies and Monetary Policy Measures

Giacomo Carboni, Matthieu Darracq Paries and Christoffer Kok

Financial Stability Review, 2013, vol. 1

Abstract: The financial crisis highlighted the importance of systemic risks and of policies that can be employed to prevent and mitigate them. Several recent initiatives aim at establishing institutional frameworks for macro-prudential policy. As this process advances further, substantial uncertainties remain regarding the transmission channels of macro-prudential instruments as well as the interactions with other policy functions, and monetary policy in particular. This special feature provides an overview and some illustrative model simulations of the macroeconomic interdependence between macro-prudential instruments and monetary policy. JEL Classification: G00

Keywords: ECB; financial stability; macro-prudential policies; monetary policy (search for similar items in EconPapers)
Date: 2013-05
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Persistent link: https://EconPapers.repec.org/RePEc:ecb:fsrart:2013:0001:1

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