MACROPRUDENTIAL POLICY – A LITERATURE REVIEW
综述了宏观审慎政策的研究，涵盖工具使用、与货币政策的关系、实施及有效性，并指出未来研究方向，适合关注金融监管的学者和政策制定者。
Abstract The recent financial crisis has highlighted the need to go beyond a purely micro approach to financial regulation and supervision. As a consequence, the number of policy speeches, research papers and conferences that discuss a macro perspective on financial regulation has grown considerably. The policy debate is focusing in particular on macroprudential tools and their usage, their relationship with monetary policy, their implementation and their effectiveness. Macroprudential policy has recently also attracted considerable attention among researchers. This paper provides an overview of research on this topic. We also identify important future research questions that emerge from both the literature and the current policy debate.