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Robust frequency-based monetary policy rules

Dück, Alexander; Verona, Fabio - 2023

Optimal monetary policy studies typically rely on a single structural model and identification of model-specific rules that minimize the unconditional volatilities of inflation and real activity. In our proposed approach, we take a large set of structural models and look for the model-robust...

Persistent link: https://www.econbiz.de/10013545641

Robust optimal macroprudential policy

Montamat, Giselle; Roch, Francisco - 2021

We consider how fear of model misspecification on the part of the planner and/or the households affects welfare gains from optimal macroprudential taxes in an economy with occasionally binding collateral constraints as in Bianchi (2011). On the one hand, there exist welfare gains from...

Persistent link: https://www.econbiz.de/10012518751

In Search of Targeting Rules for Monetary and Macroprudential Policy

Xia, Tian; Xu, Mingzhi - 2022

This paper examines jointly optimal monetary and macroprudential policies through the lens of targeting rules that are both implementable and optimal. Based on a DSGE framework that features nominal rigidity, housing, and an incomplete financial market, our targeting rules outperform an optimal...

Persistent link: https://www.econbiz.de/10013310439

Estimated policy rules for capital controls

Pasricha, Gurnain Kaur - 2020

This paper borrows the tradition of estimating policy reaction functions from monetary policy literature to ask whether capital controls respond to macroprudential or mercantilist motivations. I explore this question using a novel, weekly dataset on capital control actions in 21 emerging...

Persistent link: https://www.econbiz.de/10012251900

Policy rules for capital controls

Pasricha, Gurnain Kaur - 2017

Persistent link: https://www.econbiz.de/10011761607

Rules, Discretion, and Macro-Prudential Policy

Agur, Itai - 2013

The paper examines the implementation of macro-prudential policy. Given the coordination, flow of information, analysis …

Persistent link: https://www.econbiz.de/10013084467

Monetary Policy Inertia, Macroprudential Policy, and Financial Stability in a Liquidity Trap

Hasui, Kohei - 2021

After the colossal financial crisis of 2008, many monetary policy analyses have shown the profound implications for financial stability of monetary policy in a liquidity trap. This paper investigates how monetary policy in a liquidity trap affects financial stability in a New Keynesian model...

Persistent link: https://www.econbiz.de/10013240606

Monetary and macroprudential policies in an estimated model with financial intermediation

Gelain, Paolo; Ilbas, Pelin - 2014

order to stabilize nominal credit growth and the output gap. We look at the gains from coordination between the central bank … fluctuations in the macroprudential mandate. The results suggest that there can be considerable gains from coordination if the … policy maker can reach better outcomes, while the central bank does worse, in the absence of coordination. Therefore, whether …

Persistent link: https://www.econbiz.de/10011589082

Monetary policy after the crisis : a joint publication with the National Bank of Poland

Gnan, Ernest (ed.); Kokoszcynski, Ryszard (ed.); … - Conference Monetary Policy after the Crisis <2011, Warschau>; … - 2011

crisis for the coordination of monetary, fiscal and macroprudential policies. And third, how did the Monetary Transmission …

Persistent link: https://www.econbiz.de/10011710723

Endogenous monetary policy regime changes

Davig, Troy (contributor); Leeper, Eric M. (contributor) - 2006

Persistent link: https://www.econbiz.de/10003736213

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