Does Easing Monetary Policy Increase Financial Instability? /
This paper develops a model featuring both a macroeconomic and a financial friction that speaks to the interaction between monetary and macro-prudential policies. There are two main results. First, real interest rate rigidities in a monopolistic banking system have an asymmetric impact on financial...
| Prif Awdur: | |
|---|---|
| Awduron Eraill: | |
| Fformat: | Cylchgrawn |
| Iaith: | English |
| Cyhoeddwyd: |
Washington, D.C. :
International Monetary Fund,
2015.
|
| Cyfres: | IMF Working Papers; Working Paper ;
No. 2015/139 |
| Mynediad Ar-lein: | Full text available on IMF |