By the same token, fiscal and structural policies – including appropriate supervisory policies (today we would say macroprudential policies) – need to keep domestic demand and credit growth in line with rates of sustainable growth and price stability. Otherwise, booms and busts are the inevitable consequence.
2  BIS Review 150/2010  Both areas, fiscal and macroeconomic policies, are monitored by the peers, supported mainly by the Commission. The Eurogroup and Ecofin meetings of finance ministers are the fora for such peer monitoring.