Monetary policy needs to look beyond its core focus on low and stable inflation and pay much greater attention to financial stability. The debate now is how, exactly, to factor this imperative into monetary policy, and how to coordinate the work of monetary and regulatory authorities.
货币政策必须超越自身对低速和稳定通胀的关心，转而对金融稳定给予更多关注。而目前争论的要点则是究竟如何将这个必要观点注入到货币政策当中去，同时如何协调货币发行部门和监管部门的工作。