macro-prudential instruments

Publication date: 4 Nov 2015 | Publication type: National Institute Economic Review | External authors: Chadha, J S | JEL classification: E52, E58, N1 | Journal: National Institute Economic Review Issue 234 | Publisher: Sage Publications, London
This article outlines some of the intellectual lessons learnt by central bankers during the financial crisis. The key question is whether a broader range of policy options than simple inflation targeting has to be considered in order to limit instability. Interactions with overseas pools of savings...