Monetary policy or macroprudential policies: What can tame the cycles?
نویسندگان
چکیده
This survey systematizes the rapidly growing literature on influence of monetary policy and macroprudential macroeconomy. It examines impact financial cycle asks how instruments efficiency policy. The questions whether should take account lean against wind is also addressed. review shows that not neutral for stability, but into because costs probably outweigh benefits.
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ژورنال
عنوان ژورنال: Journal of Economic Surveys
سال: 2021
ISSN: ['1467-6419', '0950-0804']
DOI: https://doi.org/10.1111/joes.12474