Monetary and Macroprudential Policy Coordination Among Multiple Equilibria /

The notion of a tradeoff between output and financial stabilization is based on monetary-macroprudential models with unique equilibria. Using a game theory setup, this paper shows that multiple equilibria lead to qualitatively different results. Monetary and macroprudential authorities have tools th...

Full description

Bibliographic Details
Main Author: Agur, Itai
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2018.
Series:IMF Working Papers; Working Paper ; No. 2018/235
Subjects:
Online Access:Full text available on IMF