Corrigendum

Citation

(2018), "Corrigendum", Journal of Financial Regulation and Compliance, Vol. 26 No. 1, pp. 187-188. https://doi.org/10.1108/JFRC-02-2018-101

It has been brought to Emerald’s attention that the article “Macroprudential policy – closing the financial stability gap” by Stephan Fahr and John Fell, published in Journal of Financial Regulation and Compliance, Volume 25, Issue 4, 2017, includes two errors:

1. The denominator in the first line of equation (8) on p. 344 incorrectly omitted “σ₁+”. The expression should thus read: ditdct|dM=dr=0=−σ2λσ1+σ2+pc(σ1+σ2)py<0.

2. Furthermore, in the last equation on page 353, the boundaries of the sum had been inverted. The sum should be from t = 0 to ∞:

   maxit[−12E0∑t=0∞βt(π(it,yt,ρt)2+ϰy(it,ρt)2)]

This has been corrected in the online version. The authors apologise for these errors.

Stylistic errors, including label and axis alignment have also been corrected in Figures 1 and 2.

Figures

Figure 1.

Stylised business and financial cycles

Figure 2.

The monetary and macroprudential policy assignment problem