The relation between monetary policy and financial-stability policy

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 th...

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Autor principal: Svensson, Lars E. O.
Formato: Artículo
Lenguaje:eng
Publicado: Banco Central de Chile 2019
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Acceso en línea:https://hdl.handle.net/20.500.12580/3872
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Sumario: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)?