Macroprudential tools, their limits and their connection with monetary policy

@inproceedings{Shin2015MacroprudentialTT,
  title={Macroprudential tools, their limits and their connection with monetary policy},
  author={Hyun Song Shin},
  year={2015}
}
  • H. Shin
  • Published 15 April 2015
  • Economics
The first difference is that macroprudential policy is aimed at specific sectors or practices. In some respects, macroprudential policy harks back to the directed credit policies used by many advanced economies up to the 1970s, although these were used to channel credit to favoured sectors, as well as to constrain credit. The name is different, but the policies are similar. In many cases, it is old wine in new bottles. In contrast, monetary policy influences risk-taking more broadly, both… 

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