Jump to ContentJump to Main Navigation
Progress and ConfusionThe State of Macroeconomic Policy$
Users without a subscription are not able to see the full content.

Olivier Blanchard, Raghuram G. Rajan, Kenneth S. Rogoff, and Lawrence H. Summers

Print publication date: 2016

Print ISBN-13: 9780262034623

Published to MIT Press Scholarship Online: January 2017

DOI: 10.7551/mitpress/9780262034623.001.0001

Show Summary Details
Page of

PRINTED FROM MIT PRESS SCHOLARSHIP ONLINE (www.mitpress.universitypressscholarship.com). (c) Copyright The MIT Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in MITSO for personal use.date: 20 September 2021

Macroprudential Policy Regimes: Definition and Institutional Implications

Macroprudential Policy Regimes: Definition and Institutional Implications

Chapter:
(p.89) 9 Macroprudential Policy Regimes: Definition and Institutional Implications
Source:
Progress and Confusion
Author(s):

Paul Tucker

Publisher:
The MIT Press
DOI:10.7551/mitpress/9780262034623.003.0009

This chapter provides a definition of macroprudential policy as a regime under which policymakers can dynamically adjust regulatory parameters to maintain a desired degree of resilience in the financial system. It list some desirable features of macroprudential policy: it should encompass both banks and non-banks, it should have well defined policy objectives and be systematic and transparent, it should not make first-order distributional choices, and it should have a separate decision-making structure.

Keywords:   macroprudential policy, financial system, resilience, regulatory parameters, constrained discretion, institutional arrangements

MIT Press Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs, and if you can't find the answer there, please contact us.