IMF paper highlights importance of macro-pru and monetary policy co-ordination
A new paper from six researchers at the IMF investigates "if, and how, institutional arrangements are correlated with the use of macro-prudential policy instruments" - with findings that point to "the importance of coordination between macro-prudential and monetary policy".
The paper: The Macroprudential Framework: Policy Responsiveness and Institutional Arrangements, by Cheng Hoon Lim, Ivo Krznar, Fabian Lipinsky, Akira Otani, and Xiaoyong Wu, uses data from 39 countries to evaluate policy
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