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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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