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Published on Thursday, April 28, 2016 | Updated on Tuesday, May 3, 2016

U.S. | The financial stability mandate strikes back

Financial stability reemerged as a monetary policy objective after the Great Recession. Evidence suggests that the impact of financial variables on the macroeconomy is time-varying. The Federal Reserve has paid equal amount of attention to financial stability under both Yellen and Bernanke’s leadership

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