Danielsson, Jon, Fouché, Morgane and Macrae, Robert (2015) The macro-micro conflict. VoxEU.org (20 Oct 2015) Opinion Piece.
Full text not available from this repository.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: | Website (Opinion Piece) |
|---|---|
| Official URL: | http://www.voxeu.org/ |
| Additional Information: | © 2015 The Author |
| Library of Congress subject classification: | H Social Sciences > HD Industries. Land use. Labor > HD61 Risk Management H Social Sciences > HG Finance |
| Sets: | Departments > Finance Research centres and groups > Systemic Risk Centre Research centres and groups > Financial Markets Group (FMG) |
| Date Deposited: | 21 Jan 2016 17:25 |
| URL: | http://eprints.lse.ac.uk/65112/ |
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