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...
| Autor principal: | |
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| Formato: | Periódico |
| Idioma: | English |
| Publicado em: |
Washington, D.C. :
International Monetary Fund,
2018.
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| Colecção: | IMF Working Papers; Working Paper ;
No. 2018/235 |
| Assuntos: | |
| Acesso em linha: | Full text available on IMF |