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...

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Détails bibliographiques
Auteur principal: N'Diaye, Papa
Format: Revue
Langue:English
Publié: Washington, D.C. : International Monetary Fund, 2009.
Collection:IMF Working Papers; Working Paper ; No. 2009/257
Accès en ligne:Full text available on IMF