A novel risk-management perspective for macroprudential poli

When managing financial imbalances, macroprudential policymakers face an intertemporal trade-off between facilitating short-term expected growth and containing medium-term downside risks to the economy. To help assess this trade-off, this column proposes a risk management framework which extends the well-known notion of growth-at-risk to consider the entire predictive real GDP

Related Keywords

United States , France , American , Zoe Sprokel , Alexander Popov , University College London , European Central Bank , Research Bulletin Of The European Central Bank , European Commission , Research Task , Loss Given Default , Global Crisis , Research Bulletin , European Central , Task Force , American Economic Review , Quantile Vector , Working Paper Series , Banque De France , Sciences Po Financial Stability Review Conference , Kath Kim , Economics , Development , Research , Policy , Development Economics ,