Showing 1 - 6 of 6
Persistent link: https://www.econbiz.de/10009765170
Persistent link: https://www.econbiz.de/10009536925
Persistent link: https://www.econbiz.de/10011821168
We use a dynamic general equilibrium model featuring a banking sector to assess the interaction between macroprudential policy and monetary policy. We find that in “normal” times (when the economic cycle is driven by supply shocks) macroprudential policy generates only modest benefits for...
Persistent link: https://www.econbiz.de/10013125621
We use a dynamic general equilibrium model featuring a banking sector to assess the interaction between macroprudential policy and monetary policy. We find that in “normal” times (when the economic cycle is driven by supply shocks) macroprudential policy generates only modest benefits for...
Persistent link: https://www.econbiz.de/10013104607
In the euro area, macroprudential policy can be a powerful complement to monetary policy. However, its coordination with microprudential policy is a particularly delicate task. The coexistence of two supervisory regimes that rely on similar tools to pursue different objectives may at times give...
Persistent link: https://www.econbiz.de/10012997291