Kocherlakota: Discussion of 2014 USMPF Monetary Policy Report

Monetary Policy and Financial Stability • Motivation for the Monetary Policy Report (MPR): Easy monetary policy could create risk of ﬁ nancial instability. • My view: It is preferable to mitigate such risks using supervisory tools. • But in reality: Supervision may leave residual sys…

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Kocherlakota: Discussion of 2014 USMPF Monetary Policy Report

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