Must-Read: Barry Eichengreen: The Promise and Peril of Macroprudential Policy: “Central bankers continue to fret about frothy asset markets–as well they should… …What, if anything, should be done to minimize the risks of a rapid and sharp asset-price reversal? For many years, this question was framed according to… ‘lean versus clean’…. Should central banks ‘lean’ … Continue reading Must-Read: Barry Eichengreen: The Promise and Peril of Macroprudential Policy