Brussels, 24/06/2014 (Agence Europe) - On 23 June, the European Central Bank (ECB) published a final report summarising the work of the Macro-prudential Research Network (MaRs) from 2010 to 2014.
Overall, MaRs produced more than 160 individual research papers and completed several large joint cross-country projects involving multiple central banks. The three key conclusions are 1) macroeconomic models need to be improved to let policy-makers see how financial imbalances can build up over...