Political challenges of the macroprudential agenda
Chwieroth, J.
& Danielsson, J.
(2013).
Political challenges of the macroprudential agenda.
VoxEU,
& Danielsson, J.
(2013).
Political challenges of the macroprudential agenda.
VoxEU,
Central banks frequently lead the macroprudential policy implementation. The hope is that their credibility in conquering inflation might rub off on macroprudential policy. This column argues the opposite. The fuzziness of the macroprudential agenda and the interplay of political pressures may undermine monetary policy.