Macro-prudential analysis is not fit for task – leading economists


Bank of England governor Mark Carney

Bank of England governor Mark Carney

Leading economists warned that current analytical tools for setting macro-prudential policy must improve.

Many signs point to fragilities in the global system, several noted economists said today (July 16) at a conference organised by the Banque de France conference to mark the 75th anniversary of the Bretton Woods system

Hélène Rey, a professor at the London Business School, said macro-prudential tools needed to become more sophisticated. The Phillips curve should incorporate a measure of

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