00000nam 2200000za 4500 9.856129 CaOODSP 20250821075108 cr ||||||||||| 180503s2018 oncd ob f000 0 eng d CaOODSP eng eng fre n-cn--- FB3-7/2018-11E-PDF Duprey, Thibaut. How to manage macroeconomic and financial stability risks [electronic resource] : a new framework / by Thibaut Duprey and Alexander Ueberfeldt. [Ottawa] : Bank of Canada, c2018. ii, 6 p. : col. charts. Staff analytical note = Note analytique du personnel, 2369-9639 ; 2018-11 Cover title. Includes bibliographical references. "Monetary policy decisions need to consider all potential outcomes, not just the most likely path for the economy. This is especially true in the presence of elevated financial system vulnerabilities, which lead to increased downside risks for future growth. In a novel risk management framework, we decompose the outlook for the distribution of future gross domestic product (GDP) growth into macroeconomic and financial stability risks. When analyzing the efficacy of policy tools, we find that macroprudential tightening is substantially more effective than monetary policy at reducing downside risks to future GDP growth"--Abstract, p. ii. Includes abstract in French. gccst Monetary policy Economic stabilization Ueberfeldt, Alexander. Bank of Canada. Staff analytical note (Bank of Canada) 2369-9639 ; 2018-11. (CaOODSP)9.807323 PDF 540 KB https://publications.gc.ca/collections/collection_2018/banque-bank-canada/FB3-7-2018-11-eng.pdf