Countercyclical Macro Prudential Policies in a Supporting Role to Monetary Policy /
This paper explores how prudential regulations can support monetary policy in reducing output fluctuations while maintaining financial stability. It uses a new framework that blends a standard model for monetary policy analysis with a contingent claims model of financial sector vulnerabilities. The...
| Autor principal: | |
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| Format: | Revista |
| Idioma: | English |
| Publicat: |
Washington, D.C. :
International Monetary Fund,
2009.
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| Col·lecció: | IMF Working Papers; Working Paper ;
No. 2009/257 |
| Accés en línia: | Full text available on IMF |