His research is of significant relevance to central bank policy. As I will show in a minute, some of Stijn’s innovative research has become a fundamental part of the newly established field of macroprudential policy.
1  See, for example, “The Crises of Democratic Capitalism”, Wolfgang Streeck, New Left Review 71, Sept/Oct 2011 or “The True Lessons of the Recession: The West Can’t Borrow and Spend its Way to Recovery”, Raghuram Rajan, Foreign Affairs, Volume 91, no 3, May/June 2012. 2  Summers, L. (2014), “U.S.