This paper investigates whether macroprudential policies could effectively mitigate the banks’ risk-taking behaviour under scenarios of extended periods of accommodative monetary policy. To some extent, attempts to determine what kind of macroprudential tools are better suited for this task....

This paper aims to provide a comprehensive analysis of the potential conflicts between macroprudential and monetary policies within a DGSE model with financial frictions. The identification of conflicts is conditional on different types of shocks, policy instruments, and policy objectives. We...

This paper aims to provide a comprehensive analysis of the potential conflicts between macroprudential and monetary policies within a DGSE model with financial frictions. The identification of conflicts is conditional on different types of shocks, different policy instruments, and different...