Leaning Against the Wind : A Cost-Benefit Analysis for an Integrated Policy Framework /

This paper takes a new approach to assess the costs and benefits of using different policy tools-macroprudential, monetary, foreign exchange interventions, and capital flow management-in response to changes in financial conditions. The approach evaluates net benefits of policies using quadratic loss...

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Autor principal: Brandao-Marques, Luis
Altres autors: Gelos, R., Narita, Machiko, Nier, Erlend
Format: Revista
Idioma:English
Publicat: Washington, D.C. : International Monetary Fund, 2020.
Col·lecció:IMF Working Papers; Working Paper ; No. 2020/123
Accés en línia:Full text available on IMF