2  See Kelber, Anna and Eric Monnet (2014), “Macroprudential policy and quantitative instruments: a European historical perspective”, Banque de France Financial Stability Review, No. 18, April and Elliott, Douglas J., Greg Feldberg and Andreas Lehnert (2013), “The history of cyclical macroprudential policy in the United States”, Federal Reserve Board, Finance and Economics Discussion Series, 2013-29.
3  A full overview of the different measures can be found in “A Chronology of Main Developments in the Central Bank of Ireland 1943–2013”, Central Bank of Ireland booklet (2013) , also see Kelly, John and Mary Everett  BIS central bankers’ speeches  1  In the 2000s many suggested the best contribution monetary policy could make to financial stability was to keep inflation low and stable, and if imbalances did emerge, the central bank could always “clean up” afterwards.