Borio, Claudio; Lowe, Philip - In: World Economics 4 (2003) 2, pp. 103-119
paradoxically, success in controlling inflation can sometimes contribute to the development of imbalances that ultimately lead to … too large, even if the imbalances pose no immediate threat to inflation. Justifying such a response would not require … may be desirable, in some circumstances, for monetary policy to be used to contain financial imbalances before they grow …