The tools of macroprudential policy such as capital norms, countercyclical buffers and risk weights fall within the domain of regulation. But there also has to be consistency between the monetary stance and macroprudential policy. Does this then mean that the central bank should also have responsibility for bank regulation?
Bad News for the Fed from the Beveridge Space, Peterson Institute for International Economics, Policy Briefs, 22-7, July 2022. Andrew Figura and Christopher Waller. What Does the Beveridge Curve Tell Us About the Likelihood of a Soft Landing? FEDS Notes, July 29, 2022. Milton Friedman. Nobel Lecture: Inflation and Unemployment, Journal of Political Economy, Vol. 85, No. 3 (June 1977), pp. 451–472. Yuriy Gorodnichenko.