Leaning Against the Wind and the Timing of Monetary Policy /

If monetary policy is to aim also at financial stability, how would it change? To analyze this question, this paper develops a general-form framework. Financial stability objectives are shown to make monetary policy more aggressive: in reaction to negative shocks, cuts are deeper but shorter-lived t...

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Xehetasun bibliografikoak
Egile nagusia: Agur, Itai
Beste egile batzuk: Demertzis, Maria
Formatua: Aldizkaria
Hizkuntza:English
Argitaratua: Washington, D.C. : International Monetary Fund, 2013.
Saila:IMF Working Papers; Working Paper ; No. 2013/086
Sarrera elektronikoa:Full text available on IMF

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