The Interaction of Monetary and Macroprudential Policies.
The recent crisis showed that price stability does not guarantee macroeconomic stability. In several countries, dangerous financial imbalances developed under low inflation and small output gaps. To ensure macroeconomic stability, policy has to include financial stability as an additional objective....
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| Format: | Czasopismo |
| Język: | English |
| Wydane: |
Washington, D.C. :
International Monetary Fund,
2012.
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| Seria: | Policy Papers; Policy Paper ;
No. 2012/107 |
| Dostęp online: | Full text available on IMF |