The governance of macro-prudential taxation
| Authors |
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| Publication date |
07-04-2010
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| Journal |
VOX : Research-based Policy Analysis and Commentary from leading Economists
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| Organisations |
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Faculty of Economics and Business (FEB) - Amsterdam Business School Research Institute (ABS-RI)
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| Abstract |
What should an effective macro-prudential policy framework look like? This column argues that financial stability and macroeconomic stability should be dealt with differently. One requires prompt corrective action; the other requires more gradual policy intervention. Systemic levies offer a policy that can tighten financial discipline without the need for a large increase in interest rates across the whole economy.
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| Document type |
Article
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| Language |
English
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| Published at |
http://www.voxeu.org/index.php?q=node/4837
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