Results 51 to 60 of about 3,865,061 (285)
Optimal Monetary and Macroprudential Policies [PDF]
SSRN Electronic Journal, 2021 "Les banques jouent un rôle clé dans l’octroi de liquidité et leur accès aux sources de financement dépend de la liquidité de leurs propres actifs. Pendant les crises financières, les banques sont parfois amenées à réduire leurs actifs moins liquides, notamment en accordant moins de prêts aux entreprises, ce qui peut aggraver le coût économique des ...
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Capital Controls, Domestic Macroprudential Policy and the Bank Lending Channel of Monetary Policy
Social Science Research Network, 2021 We study how capital controls and domestic macroprudential policy tame credit supply booms, respectively targeting foreign and domestic bank debt. For identification, we exploit the simultaneous introduction of capital controls on foreign exchange (FX ...
Andrea Fabiani +4 more
semanticscholar +1 more source
Social Science Research Network, 2021 Since the European Central Bank’s (ECB’s) 2003 strategy review, the importance of macro-financial amplification channels for monetary policy has increasingly gained recognition.
Ugo Albertazzi +45 more
semanticscholar +1 more source
Are Collateral-Constraint Models Ready for Macroprudential Policy Design?
Social Science Research Network, 2021 We study the design of macroprudential policies based on quantitative collateral-constraint models. We show that the desirability of macroprudential policies critically depends on the specific form of collateral used in debt contracts: While ...
Pablo Ottonello, D. Perez, Paolo Varraso
semanticscholar +1 more source
Optimal Macroprudential Policy [PDF]
SSRN Electronic Journal, 2013 We introduce …nancial market friction through search and matching in the loan market into a standard New Keynesian model. We reveal that the second order approximation of social welfare includes the terms related to credit, such as credit market tightness, the volume of credit, and the loan separation rate, in addition to the in‡ation rate and ...
Ko Munakata +2 more
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A brief assessment of Turkey's macroprudential policy approach: 2011–2015
Central Bank Review, 2016 The predominant role of cross border financial flows for macroeconomic and financial stability has imposed complex policy trade-offs for emerging economies, especially after the global financial crisis.
Hakan Kara
doaj +1 more source
Macroprudential Policy Analysis via an Agent Based Model of the Real Estate Sector
Social Science Research Network, 2021 In this paper, we extend and calibrate with Italian data the Agent-based model of the real estate sector described in Baptista et al., 2016. We design a novel calibration methodology that is built on a multivariate moment-based measure and a set of three
Gennaro Catapano +3 more
semanticscholar +1 more source
Coordinating Monetary and Macroprudential Policies [PDF]
Journal of Money, Credit and Banking, 2013 This paper studies noncooperative games between a monetary authority and a macroprudential regulator whose objectives are a subset of those in the social loss function. The analysis is based on a New Keynesian model with a financial sector and a financial friction à la Gertler and Karadi (2011). When the friction affects the financing of all factors of
Bianca De Paoli, Matthias Paustian
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Macroprudential Policy and Credit Supply [PDF]
Swiss Journal of Economics and Statistics, 2016 SummaryIn this paper we analyze financial crises and the interactions of macroprudential policy and credit. Financial crises are recurrent systemic phenomena, often triggering deep and long-lasting recessions with large reductions in aggregate welfare, output and employment Importantly for policy, systemic financial crises are typically not random ...
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Macroprudential policy: New challenges
International Economics, 2022 International ...
Cornand, Camille +2 more
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