The relation between monetary policy and financial-stability policy
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Date
2019
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Banco Central de Chile
Abstract
Description
What is the relation between monetary policy and financialstability policy? How can they be distinguished? How similar or different are they? Should they have the same or different goals? How should they be conducted? Should they be coordinated or conducted separately? Should they be conducted by the same or different authorities? What if monetary policy would pose a threat to financial stability? Should monetary policy ever 'lean against the wind' (of asset prices and credit booms)?
Keywords
POLÍTICA MONETARIA, ESTABILIDAD ECONÓMICA