Macroprudential rules and monetary policy when financial frictions matter
نویسندگان
چکیده
منابع مشابه
Financial Frictions and Macroprudential Policy
Incorporating financial intermediaries, with their ability to generate shocks and frictions, into macroeconomic models has recently gained substantial attention of the profession. In this commentary I ask whether the models we generated are ripe to provide valuable, quantitative advice to policymakers, especially those interested in implementing and conducting macroprudential policy. I concentr...
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ژورنال
عنوان ژورنال: Economic Modelling
سال: 2015
ISSN: 0264-9993
DOI: 10.1016/j.econmod.2015.06.012