Your email was sent successfully. Check your inbox.

An error occurred while sending the email. Please try again.

Proceed reservation?

Export
  • 1
    Online Resource
    Online Resource
    Washington, D.C : International Monetary Fund
    UID:
    gbv_845948237
    Format: Online-Ressource (44 p)
    Edition: Online-Ausg.
    ISBN: 1484302877 , 9781484302873
    Series Statement: IMF Working Papers Working Paper No. 14/30
    Content: We study interactions between monetary and macroprudential policies in a model with nominal and financial frictions. The latter derive from a financial sector that provides credit and liquidity services that lead to a financial accelerator-cum-fire-sales amplification mechanism. In response to fluctuations in world interest rates, inflation targeting dominates standard Taylor rules, but leads to increased volatility in credit and asset prices. The use of a countercyclical macroprudential instrument in addition to the policy rate improves welfare and has important implications for the conduct of monetary policy. “Leaning against the wind” or augmenting a standard Taylor rule with an argument on credit growth may not be an effective policy response
    Additional Edition: Erscheint auch als Druck-Ausgabe Medina Guzman, Juan Pablo Monetary and Macroprudential Policies to Manage Capital Flows Washington, D.C. : International Monetary Fund, 2014 ISBN 9781484302873
    Language: English
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
Close ⊗
This website uses cookies and the analysis tool Matomo. Further information can be found on the KOBV privacy pages