那提西银行-欧洲-经济理论-欧洲央行优先次序的层级是正确的吗？-20180222-6页

FlashEconomics22February2018-212PatrickArtusTel.(331)58551500patrick.artus@natixis.com@PatrickArtuswww.research.natixis.comIsthehierarchyofECBprioritiestherightone?ThehierarchyofECBprioritiesisnowclearly:1-Meetingtheinflationtarget;2-Stimulatinggrowth;3-Ensuringfinancialstability.Inaneconomicenvironmentwhereequilibriuminflationspontaneouslyislowerthantheinflationtarget,andwheretherearerisksoffinancialinstability(abnormalsqueezingofriskpremia,highvolatilityinfinancialmarkets),woulditnotbemorereasonableforfinancialstabilitytobecometheECBsprimeobjective?Macroprudentialpolicies(regulationoffinancialintermediaries)seemincapableofpreventingtheveryexpansionarymonetarypolicyfromgeneratingfinancialinstability.DistributionofthisreportintheUnitedStates.Seeimportantdisclosuresattheendofthisreport..https://twitter.com/patrickartushttp:/