Macroprudential policy frameworks and tools

David Orsmond, Fiona Price

Research output: Contribution to journalArticle


Over the past decade, policymakers have increasingly used macroprudential tools to address a range of financial stability concerns. International institutions have identified and offered guidance on the components of an effective macroprudential framework, while noting the need for such a framework to be sufficiently broad to reflect differences in national circumstances. This article outlines key issues faced by policymakers in identifying and mitigating systemic risk and notes the flexible approach taken by Australia's regulatory agencies. In this context, macroprudential policy is seen as just one component of an effective financial stability framework.
Original languageEnglish
Pages (from-to)75-86
Number of pages12
JournalReserve Bank of Australia. Bulletin
Issue numberDecember
Publication statusPublished - Dec 2016
Externally publishedYes

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