The focus of this contribution is on macroeconomic and financial policies. It relies on fiscal, monetary and financial stability policies, which aim to develop sustainable and resilient market economies. This contribution relies on our macroeconomic model, which accounts for the financial...

The focus of this contribution is on financial stability and the extent to which proposed regulatory frameworks deal effectively to avoid financial instability. While microprudential financial stability has been in place prior to and since the Global Financial Crisis (GFC), macroprudential...