Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/298436 
Year of Publication: 
2022
Series/Report no.: 
Economic Memo No. 14
Publisher: 
Danmarks Nationalbank, Copenhagen
Abstract: 
The ultimate objective of macroprudential policy is to contribute to financial stability by curbing the build-up of systemic risks and alleviating negative outcomes for the economy should risks materialize . Measuring and communicating whether policy goals are achieved is challenging, as financial crises are rare and risks are often only measurable in case they materialize. The memo outlines how growth-at-risk can be used to illustrate the objectives of macroprudential policy.
Document Type: 
Research Report

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