Don Kohn offers advice on macro-pru under uncertainty
BoE looks at wide range of indicators but could still do more, FPC member says
Don Kohn gave advice to macro-prudential policy-makers on handling uncertainty during remarks on May 15, saying the Bank of England could still do more to improve its financial stability work.
The BoE financial policy committee (FPC) member said that while experience with macro-prudential policy is still limited, the central bank has managed to identify “sufficient empirical regularities tied to financial stability in historical experience” to allow it to act.
A key input to the committee’s
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