Riksbank paper takes stock of macro-prudential landscape
Economic gains may result from combining macro-prudential and monetary policy
Macro-prudential regulation may be more effective in curbing some financial imbalances than monetary policy, a working paper published this month by Sveriges Riksbank argues.
In Macro-prudential policy – effects on the economy and the interaction with monetary policy, Gabriela Guibourg, Magnus Jonsson, Bjorn Lagerwall and Christian Nilsson offer a typology of macro-prudential measures and review a number of empirical studies of the effects of macro-prudential tools.
The authors differentiate
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