We consider current timing to be appropriate to deepen our understanding of the links between macroprudential and other policies, as policy makers need to think in the frame of a wellbalanced policy mix. I believe that policy makers’ cooperation is a desirable outcome, but it may be hard to implement.
Ideally it would be beneficial, but in reality it is quite difficult to achieve, primarily due to different goals and horizons, as far as policy is concerned. Unlike before the crisis, today, the mandate of the Bank of Lithuania includes both micro and macroprudential responsibilities.