New Zealand paper calls for clearer financial stability aims
Researchers argue for guidance on how and when macro-prudential policy will be used
Financial stability objectives should be made more explicit to offer greater guidance on how macro-prudential policies will be implemented in the future, according to research published by the Reserve Bank of New Zealand (RBNZ) today (June 17).
"Broad macro-prudential objectives provide little guidance as to what policies will be implemented, when, and in response to what," Güneş Kamber, Özer Karagedikli and Christie Smith contend in their discussion paper, Applying an Inflation Targeting Lens
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