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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| Beste egile batzuk: | |
| Formatua: | Aldizkaria |
| Hizkuntza: | English |
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Washington, D.C. :
International Monetary Fund,
2013.
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| Saila: | IMF Working Papers; Working Paper ;
No. 2013/086 |
| Sarrera elektronikoa: | Full text available on IMF |