Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/234081
Authors: 
Martin, Alberto
Mendicino, Caterina
Van der Ghote, Alejandro
Year of Publication: 
2021
Series/Report no.: 
ECB Working Paper No. 2527
Abstract: 
The Global Financial Crisis fostered the design and adoption of macroprudential policies throughout the world. This raises important questions for monetary policy. What, if any, is the relationship between monetary and macroprudential policies? In particular, how does the effectiveness of macroprudential policies (or lack thereof) influence the conduct of monetary policy? This discussion paper builds on the insights of recent theoretical and empirical research to address these questions.
Subjects: 
Financial Frictions
Capital Requirements
Systemic Risk
JEL: 
E3
E44
G01
G21
Persistent Identifier of the first edition: 
ISBN: 
978-92-899-4527-1
Document Type: 
Working Paper

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