Macro-prudential analysis is not fit for task – leading economists

Carney and Honohan warn of fund failures and Hélène Rey calls for better risk indicators

Bank of England governor Mark Carney
Bank of England governor Mark Carney

Leading economists warned that current analytical tools for setting macro-prudential policy must improve.

Many signs point to fragilities in the global system, several noted economists said today (July 16) at a conference organised by the Banque de France conference to mark the 75th anniversary of the Bretton Woods system

Hélène Rey, a professor at the London Business School, said macro-prudential tools needed to become more sophisticated. The Phillips curve should incorporate a measure of

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