Central Banks and Macroeconomic Ambidexterity

Andrew Haldane

Business Economics, 2014, vol. 49, issue 2, 92-98

Abstract: The financial crisis of 2008 led to questions of whether monetary policy alone was sufficient to stabilise the macroeconomy and the financial system. The result has been an emphasis on macroprudential financial regulation to act in tandem with monetary policy. This article describes the emergence of macroprudential policy, how historical financial crises might have been mitigated had it been in place, and its ambidexterity with monetary policy as twin instruments for macroeconomic stabilisation.

Date: 2014
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.palgrave-journals.com/be/journal/v49/n2/pdf/be201410a.pdf Link to full text PDF (application/pdf)
http://www.palgrave-journals.com/be/journal/v49/n2/full/be201410a.html Link to full text HTML (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:buseco:v:49:y:2014:i:2:p:92-98

Ordering information: This journal article can be ordered from
http://www.springer.com/economics/journal/11369

Access Statistics for this article

Business Economics is currently edited by Charles Steindel

More articles in Business Economics from Palgrave Macmillan, National Association for Business Economics Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().