This occasional paper describes how the financial stability and macroprudential policy functions are organised at the … ECB. Financial stability has been a key policy function of the ECB since its inception. Macroprudential policy tasks were …’s macroprudential governance framework in the new institutional set-up. After reviewing the concept and origins of systemic risk, it …

This occasional paper describes how the financial stability and macroprudential policy functions are organised at the … ECB. Financial stability has been a key policy function of the ECB since its inception. Macroprudential policy tasks were …'s macroprudential governance framework in the new institutional set-up. After reviewing the concept and origins of systemic risk, it …

imbalances would normally develop alongside rising inflation. This puts a premium on a strengthening of the macroprudential … conclude that there is now a much keener awareness of the importance of a macroprudential orientation but that progress in …

In this paper, we analyse the implications of macroprudential and monetary policies for business cycles, welfare, and …. A macroprudential rule on the loan-to-value ratio (LTV), which responds to output and house price deviations, interacts … with a traditional Taylor rule for monetary policy. From a positive perspective, introducing a macroprudential tool …

the IT framework by rule-based macroprudential policy. Secondly, we study the role of exchange rate exibility in …