Rubio, Margarita; Carrasco-Gallego, José A. - In: Manchester School 83 (2015) 2, pp. 127-152
type="main" <p>This paper studies the interaction between macroprudential and monetary policies, using a DSGE model with a housing market and collateral constraints. Monetary policy follows a standard Taylor rule for the interest rate. The macroprudential authority implements a Taylor-type rule for...</p>