Monetary and Macroprudential Policy in an Estimated DSGE Model of the Euro Area /
In this paper, we study the optimal mix of monetary and macroprudential policies in an estimated two-country model of the euro area. The model includes real, nominal and financial frictions, and hence both monetary and macroprudential policy can play a role. We find that the introduction of a macrop...
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Format: | Czasopismo |
Język: | English |
Wydane: |
Washington, D.C. :
International Monetary Fund,
2013.
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Seria: | IMF Working Papers; Working Paper ;
No. 2013/209 |
Dostęp online: | Full text available on IMF |