It is uncertain exactly how macro-prudential policy and monetary policy will interact. This is uncharted territory and there is still much research which is  4  2  The National Bureau of Economic Research, Ben S Bernanke, Inflation Targeting  BIS central bankers’ speeches  going into this topic.
More explicit forms of ‘make-up’ strategies have been put forward too, for example by former FOMC Chair Ben Bernanke.10 These strategies explicitly aim at an inflation overshoot following a period of inflation below target.