Managing the risks of the new macro-prudential policy regime
نویسندگان
چکیده
منابع مشابه
Optimal Macro-Prudential and Monetary Policy∗
This paper addresses two main questions. First, it examines the implications of financial frictions, embedded in a New Keynesian DSGE model with a banking sector, for the conduct of welfare-optimal monetary policy. Assuming only one monetary instrument, we analyse how financial frictions affect the gains from commitment and how different are the optimized simple rules with and without financial...
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ژورنال
عنوان ژورنال: Borsa Istanbul Review
سال: 2013
ISSN: 2214-8450
DOI: 10.1016/j.bir.2013.10.011