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...
| Autore principale: | Agur, Itai |
|---|---|
| Altri autori: | Demertzis, Maria |
| Natura: | Periodico |
| Lingua: | English |
| Pubblicazione: |
Washington, D.C. :
International Monetary Fund,
2013.
|
| Serie: | IMF Working Papers; Working Paper ;
No. 2013/086 |
| Accesso online: | Full text available on IMF |
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