Macroprudential and monetary policies: Implications for financial stability and welfare
نویسندگان
چکیده
منابع مشابه
Financial Stability, Growth and Macroprudential Policy∗
Many emerging market economies have used macroprudential policy to mitigate the risk of financial crises and the resulting output losses. However, macroprudential policy may reduce economic growth in good times. This paper introduces endogenous growth into a small open economy model with occasionally binding collateral constraints in order to study the impact of macroprudential policy on financ...
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ژورنال
عنوان ژورنال: Journal of Banking & Finance
سال: 2014
ISSN: 0378-4266
DOI: 10.1016/j.jbankfin.2014.02.012