Hellwig, Martin - 2015 - This version: April 1, 2015
, financial stability has figured highly among central banks ́objectives, with policy measures ranging from interest rate … stabilization to serving as a lender of the last resort. With the ascent of macroeconomics, these traditional tasks of central banks … are they in conflict? How should tradeoffs be handled and what can be done to reduce the risk of the central bankś …