BUBA boss making a speech in Frankfurt on macroprudential policy
- we know little about effectiveness of macroprudential policy
By way of explanation Investopedia have this:
A method of economic analysis that evaluates the health, soundness and vulnerabilities of a financial system. Macroprudential analysis looks at the health of the underlying financial institutions in the system and performs stress tests and scenario analysis to help determine the system's sensitivity to economic shocks. Macroeconomic and market data are also reviewed to determine the health of the current system. The analysis also focuses on qualitative data related to financial institutions' frameworks and the regulatory environment to get an additional sense of the strength and vulnerabilities in the system.
The Economist published this on macroprudential policy back in April last year
Full speech from Weidmann here but we're not expecting any price changing comments
Weidmann - Speaking in Frankfurt
