Macroprudential Policy: Silver Bullet or Refighting the Last War?

In the wake of the global financial crisis, policymakers, investors, and lenders analyzed the lead-up to the meltdown to see what changes could prevent another near-collapse. The result: a new focus on how macroprudential policy can reduce systemic risk. In this report we explore the emerging macroprudential policy discussion and the implications for broader monetary policy.

Published July 8, 2015