The governance of macro-prudential taxation

Perotti, E.

Author: E. Perotti
Year: 2010
Title: The governance of macro-prudential taxation
Journal: VOX : Research-based Policy Analysis and Commentary from leading Economists
Document type: Article
Faculty: Faculty of Economics and Business (FEB)
Institute: Amsterdam Business School Research Institute (ABS-RI)
Abstract: What should an effective macro-prudential policy framework look like? This column argues that financial stability and macroeconomic stability should be dealt with differently. One requires prompt corrective action; the other requires more gradual policy intervention. Systemic levies offer a policy that can tighten financial discipline without the need for a large increase in interest rates across the whole economy.
Link: Link
Language: English
Permalink: http://hdl.handle.net/11245/1.339454

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