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...

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Bibliografski detalji
Glavni autor: Agur, Itai
Format: Žurnal
Jezik:English
Izdano: Washington, D.C. : International Monetary Fund, 2018.
Serija:IMF Working Papers; Working Paper ; No. 2018/235
Teme:
Online pristup:Full text available on IMF