Date: 2014
Type: Contribution to book
Macroprudential policy and monetary policy
Dirk SCHOENMAKER (ed.), Macroprudentialism : a VoxEU.org eBook, London : CEPR Press, 2014, Open Access e-books, pp. 47-59
PORTES, Richard, Macroprudential policy and monetary policy, in Dirk SCHOENMAKER (ed.), Macroprudentialism : a VoxEU.org eBook, London : CEPR Press, 2014, Open Access e-books, pp. 47-59
- https://hdl.handle.net/1814/38835
Retrieved from Cadmus, EUI Research Repository
There is a possible conflict between monetary policy and financial stability. This chapter discusses whether macroprudential policies could alleviate that conflict. Macroprudential policies affect financial stability and thus monetary conditions. There is no consensus, however, on whether monetary and macroprudential policies are complements or substitutes and how they should best be conducted. If the political constraints on macroprudential policies are binding, there may be a need for a compromise.
Cadmus permanent link: https://hdl.handle.net/1814/38835
ISBN: 9781907142819
External link: http://www.voxeu.org/content/macroprudentialism
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