How can the objective of macroprudential policy be operationalised, given the high uncertainty about the state of the financial system? - speech by Donald Kohn

Don Kohn discusses how macroprudential policy tools can be used during periods of uncertainty in the financial system. He goes on to identify a number of areas where further research is needed to better identify risks to financial stability, and what the necessary degree of resilience might be to mitigate these.

How can the objective of macroprudential policy be operationalised, given the high uncertainty about the state of the financial system?

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