Financial Stability and Interest-Rate Policy : A Quantitative Assessment of Costs and Benefits /

Should monetary policy use its short-term policy rate to stabilize the growth in household credit and housing prices with the aim of promoting financial stability? We ask this question for the case of Canada. We find that to a first approximation, the answer is no- especially when the economy is slo...

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Detalhes bibliográficos
Autor principal: Pescatori, Andrea
Outros Autores: Laseen, Stefan
Formato: Periódico
Idioma:English
Publicado em: Washington, D.C. : International Monetary Fund, 2016.
Colecção:IMF Working Papers; Working Paper ; No. 2016/073
Acesso em linha:Full text available on IMF