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In an op-ed, Prof. Nouriel Roubini examines the rise in unconventional monetary policy

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Excerpt from Project Syndicate -- "For now, policymakers in countries with frothy credit, equity, and housing markets have avoided raising policy rates, given slow economic growth. But it is still too early to tell whether the macro-pru [macro-prudential] policies on which they are relying will ensure financial stability."

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Additional coverage appeared on Bloomberg and The Wall Street Journal.