Eisenbeis, Kwan and Wall argue that there is a material conflict between the monetary policy and financial stability mandate of the Federal Reserve. There is a conflict in concept, but… Click to show full abstract
Eisenbeis, Kwan and Wall argue that there is a material conflict between the monetary policy and financial stability mandate of the Federal Reserve. There is a conflict in concept, but the magnitude and importance of the conflict seems small in practice.
               
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