The requirements are currently based on the size, risk characteristics and the corresponding business model of banks. In 2016, the proposal aims at introducing harmonised MREL for all banks based on recommendations by the European Banking Authority (EBA). Additional to the bail-in rules, the European Commission adapted temporary state aid rules, applicable as of the 1st August, 2013.
To be more specific, with a flatter Phillips curve, imbalances in the economy do not easily translate into movement in prices. On the contrary, it is possible that imbalances may make themselves felt on the real side of the economy or in asset prices before they are translated into instability in general prices.