We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
Monetary policy and macroprudential policy: Different and separate?
- Authors
Svensson, Lars E. O.
- Abstract
Abstract: The paper discusses how monetary and macroprudential policies can be distinguished, how appropriate goals for the two policies can be determined, whether the policies are best conducted separately or coordinately and by the same or different authorities and how they can be coordinated when desired. The institutional frameworks in Canada, Sweden and the UK are briefly compared. The Swedish example of monetary policy strongly “leaning against the wind” and the subsequent policy turnaround is summarized, as well as what estimates have been found of the costs and benefits of leaning against the wind.
- Subjects
MONETARY policy; MACROECONOMICS; FINANCIAL policy; ECONOMIC policy; FISCAL policy
- Publication
Canadian Journal of Economics, 2018, Vol 51, Issue 3, p802
- ISSN
0008-4085
- Publication type
Article
- DOI
10.1111/caje.12345