Monetary and Macroprudential Policy Rules in a Model with House Price Booms /
We argue that a stronger emphasis on macrofinancial risk could provide stabilization benefits. Simulations results suggest that strong monetary reactions to accelerator mechanisms that push up credit growth and asset prices could help macroeconomic stability. In addition, using a macroprudential ins...
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| Drugi avtorji: | , |
| Format: | Revija |
| Jezik: | English |
| Izdano: |
Washington, D.C. :
International Monetary Fund,
2009.
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| Serija: | IMF Working Papers; Working Paper ;
No. 2009/251 |
| Online dostop: | Full text available on IMF |