Financial Stability and Resolution of Federal Reserve Goal and Implementation Conflicts

Financial Stability and Resolution of Federal Reserve Goal and Implementation Conflicts

The Federal Reserve has been assigned the goal of fostering financial stability along with its monetary policy goals of maximum employment and stable prices. This paper considers whether the financial stability and monetary policy goals have consistent policy implications both in theory and in pract...

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Veröffentlicht in:Journal of financial services research 2018-06, Vol.53 (2-3), p.163-178
Hauptverfasser: Eisenbeis, Robert A., Kwan, Simon, Wall, Larry
Format: Artikel
Sprache:eng
Schlagworte:
Economic models
Economics and Finance
Employment
Federal Reserve monetary policy
Finance
Financial Services
Macroeconomics/Monetary Economics//Financial Economics
Monetary policy
Policy implementation
Prices
Stabilization
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Zusammenfassung:The Federal Reserve has been assigned the goal of fostering financial stability along with its monetary policy goals of maximum employment and stable prices. This paper considers whether the financial stability and monetary policy goals have consistent policy implications both in theory and in practice. It also considers how the implementation of monetary policy might conflict with financial stability and vice versa.
ISSN:0920-8550
1573-0735
DOI:10.1007/s10693-018-0297-6