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The political economy of macroprudential policy

Merler, Silvia, (2016), “The political economy of macroprudential policy”, Bruegel, 12 December

What’s at stake: the emergence of renewed interest in macroprudential policy has characterised the aftermath of the great recession. There is not yet full agreement on what the tasks of macroprudential policy is or how it should be carried out, but there is a clear understanding that there is an important political economy dimension to it. We review some of the recent contribution on this.

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