Policy insights

Policy Insights

Policy Insight 58: A framework for two macro policy instruments: Money and banking combined

The way in which monetary policy, macroprudential policy, and microprudential regulation of banks should be organised and conducted is a major, as yet unresolved, issue. In CEPR Policy Insight 58, the author outlines a policy framework for addressing this issue.

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Gersbach, H (2011), Policy Insight 58: A framework for two macro policy instruments: Money and banking combined, CEPR Policy Insight No 58, CEPR Press, Paris & London. https://cepr.org/publications/policy-insight-58-framework-two-macro-policy-instruments-money-and-banking-combined