Cost-Benefit Analysis of Leaning Against the Wind : Are Costs Larger Also with Less Effective Macroprudential Policy? /

'Leaning against the wind' (LAW) with a higher monetary policy interest rate may have benefits in terms of lower real debt growth and associated lower probability of a financial crisis but has costs in terms of higher unemployment and lower inflation, importantly including a higher cost of...

पूर्ण विवरण

ग्रंथसूची विवरण
मुख्य लेखक: Svensson, Lars
स्वरूप: पत्रिका
भाषा:English
प्रकाशित: Washington, D.C. : International Monetary Fund, 2016.
श्रृंखला:IMF Working Papers; Working Paper ; No. 2016/003
ऑनलाइन पहुंच:Full text available on IMF

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