By Chay Fisher of the Bank's Financial Stability Assessment Division and Melanie Lund of the Bank's Centre for Central Banking Studies.
The first annual Chief Economist Workshop, organised by the Bank of England's Centre for Central Banking Studies (CCBS), brought together economists from over 30 central banks. It marked a changing path for the CCBS as it increases its role in providing a forum where central bankers and academics can exchange views on central bank policies and share specialist technical knowledge. The topic for the inaugural meeting was the interplay between monetary policy and financial stability, an issue that has risen to prominence in international debate in recent years.
Perfect partners or uncomfortable bedfellows? On the nature of the relationship between monetary policy and financial stability