Financial Stability and Resolution of Federal Reserve Goal and Implementation Conflicts

Robert Eisenbeis (), Simon Kwan and Larry Wall

Journal of Financial Services Research, 2018, vol. 53, issue 2, No 2, 163-178

Abstract: Abstract The Federal Reserve has been assigned the goal of fostering financial stability along with its monetary policy goals of maximum employment and stable prices. This paper considers whether the financial stability and monetary policy goals have consistent policy implications both in theory and in practice. It also considers how the implementation of monetary policy might conflict with financial stability and vice versa.

Keywords: Financial stability; Monetary policy; Federal Reserve; Conflicting goals; Policy implementation (search for similar items in EconPapers)
JEL-codes: E52 E58 G21 G28 (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (3)

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DOI: 10.1007/s10693-018-0297-6

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