Kohn talks of macro-prudential policy ‘infancy’


Donald Kohn, an external member of the Financial Policy Committee (FPC) at the Bank of England, last week said the "consistent and systematic" application of macro-prudental policy perspectives was still in its "infancy".

Speaking to a predominantly American audience at a US Department of the Treasury conference on December 2, Kohn took the time to explain his role on the recently formed FPC.

Turning to the development of macro-prudential policies, he said that although forms of this type of

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