Monetary Policy, Macroprudential Regulation and Inequality
Pierre Monnin | 12 April 2017Monetary, Discussion Notes | Tags: Inequality, Interest Rates, Macroprudential Policy
The 2008 global financial crisis profoundly changed the role of central banks in the economy. First, central banks engaged in strong expansionary monetary policy, using new unconventional tools to boost economic activity. Second, they were key to containing financial instability, which led them to implement ... continue reading