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Financial Stability and the Hemianopsia of Monetary Policy

Financial Stability and the Hemianopsia of Monetary Policy Abstract Financial stability concerns cannot be separated from macroeconomic objectives of monetary policy. Stimulative monetary policy works by creating financial conditions that could lead to instability in markets that could, in turn, engender deflationary pressures. Although the Federal Reserve Act does not explicitly mention financial stability as an FOMC objective, it is fundamentally bound together with the achievement of the explicit goals of maximum employment and price stability. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Business Economics Springer Journals

Financial Stability and the Hemianopsia of Monetary Policy

Fisher, Peter R.
Business Economics , Volume 51 (2): 3 – Apr 1, 2016
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References (4)

Publisher
Springer Journals
Copyright
2016 National Association for Business Economics
ISSN
0007-666X
eISSN
1554-432X
DOI
10.1057/be.2016.12
Publisher site
See Article on Publisher Site

Abstract

Abstract Financial stability concerns cannot be separated from macroeconomic objectives of monetary policy. Stimulative monetary policy works by creating financial conditions that could lead to instability in markets that could, in turn, engender deflationary pressures. Although the Federal Reserve Act does not explicitly mention financial stability as an FOMC objective, it is fundamentally bound together with the achievement of the explicit goals of maximum employment and price stability.

Journal

Business Economics – Springer Journals

Published: Apr 1, 2016

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