Click here to view the full article.
>There is much debate in Sweden and further afield about the use of monetary policy – rather than macro- and micro-prudential tools – to ‘lean against the wind’ as a way of preventing dangerous bubbles building up in economies. This article looks at whether, under a mandate of flexible inflation targeting, household debt should be introduced as an additional target for monetary policy. It also reviews how to conduct policy evaluation, drawing on six years of
- Schoolgirl takes over management of Paraguay’s central bank
- European financial system is bigger and more concentrated, ECB says
- Treasury committee to investigate BoE’s lack of diversity
- CCPs say central bank access needed to avoid liquidity crisis
- UK’s FCA claims success after first year of ‘sandbox’