Danielsson, Jon 
ORCID: 0009-0006-9844-7960, Fouché, Morgane and Macrae, Robert
(2015)
The macro-micro conflict.
VoxEU.
Abstract
There has always been conflict between macro- and microeconomic regulation. Microeconomic policy reigns supreme during good times, and macro during bad. This column explains that while the macro and micro objectives have always been present in regulatory design, their relative importance has varied according to the changing requirements of economic, financial and political cycles. The conflict between the two seems set to deepen and so, regardless of which ‘wins’, policymakers must not undermine the central bank's execution of monetary policy.
| Item Type: | Article |
|---|---|
| Official URL: | http://www.voxeu.org/ |
| Additional Information: | © 2015 The Author |
| Divisions: | Finance Systemic Risk Centre Financial Markets Group |
| Subjects: | H Social Sciences > HD Industries. Land use. Labor > HD61 Risk Management H Social Sciences > HG Finance |
| Date Deposited: | 21 Jan 2016 17:25 |
| Last Modified: | 12 Dec 2024 00:59 |
| URI: | http://eprints.lse.ac.uk/id/eprint/65112 |
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