Cargando…
Monetary and Macroprudential Policy Rules in a Model with House Price Booms.
We argue that a stronger emphasis on macrofinancial risk could provide stabilization benefits. Simulations results suggest that strong monetary reactions to accelerator mechanisms that push up credit growth and asset prices could help macroeconomic stability. In addition, using a macroprudential ins...
| Clasificación: | Libro Electrónico |
|---|---|
| Autor principal: | |
| Otros Autores: | , |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Washington :
International Monetary Fund,
2009.
|
| Colección: | IMF Working Papers.
|
| Temas: | |
| Acceso en línea: | Texto completo |
MARC
| LEADER | 00000cam a2200000Mu 4500 | ||
|---|---|---|---|
| 001 | EBOOKCENTRAL_ocn870244703 | ||
| 003 | OCoLC | ||
| 005 | 20240329122006.0 | ||
| 006 | m o d | ||
| 007 | cr |n||||||||| | ||
| 008 | 140208s2009 dcu o 000 0 eng d | ||
| 040 | |a EBLCP |b eng |e pn |c EBLCP |d OCLCQ |d YDXCP |d OCLCQ |d COCUF |d OCLCO |d OCLCF |d ZCU |d MERUC |d U3W |d OCLCQ |d CEF |d ICG |d OCLCQ |d WYU |d DKC |d OCLCQ |d U3G |d OCLCQ |d OCLCO |d OCLCQ |d OCLCO |d OCLCL | ||
| 019 | |a 1124362838 | ||
| 020 | |a 9781452766201 | ||
| 020 | |a 1452766207 | ||
| 020 | |a 1451918127 | ||
| 020 | |a 9781451918120 | ||
| 020 | |z 9781451873986 | ||
| 020 | |z 1451873980 |q (Trade Paper) | ||
| 024 | 8 | |a 10.5089/9781451918120.001 | |
| 029 | 1 | |a DEBBG |b BV044178221 | |
| 035 | |a (OCoLC)870244703 |z (OCoLC)1124362838 | ||
| 037 | |b 00013468 | ||
| 050 | 4 | |a HG230.3 |b .K366 2009 | |
| 049 | |a UAMI | ||
| 100 | 1 | |a Scott, Alasdair. | |
| 245 | 1 | 0 | |a Monetary and Macroprudential Policy Rules in a Model with House Price Booms. |
| 260 | |a Washington : |b International Monetary Fund, |c 2009. | ||
| 300 | |a 1 online resource (47 pages) | ||
| 336 | |a text |b txt |2 rdacontent | ||
| 337 | |a computer |b c |2 rdamedia | ||
| 338 | |a online resource |b cr |2 rdacarrier | ||
| 490 | 1 | |a IMF Working Papers ; |v v. Working Paper No. 09/251 | |
| 588 | 0 | |a Print version record. | |
| 505 | 0 | |a Cover Page; Title Page; Copyright Page; Contents; I. Introduction; II. A Model for Analyzing House Price Booms; A. Households; A.1 Savers; A.2 Borrowers; B. Financial Intermediaries; C. Producers; C.1 Final goods producers; C.2 Intermediate goods producers; D. Closing the Model: Market Clearing Conditions; III. Policy Regimes; IV. Calibration; 1. Parameter Values; V. Simulation Results; A. The Performance of Policy Rules in Reaction to Financial Shocks; 1. Effect of a Financial Shock; 2. Parameters of Policy Rules in Reaction to Financial Shocks. | |
| 505 | 8 | |a 3. Performance of Policy Rules in Reaction to Financial ShocksB. The Performance of Policy Rules in Reaction to Productivity Shocks; 2. Effect of a Productivity Shock; 4. Parameters of Policy Rules in Reaction to Productivity Shocks; 5. Performance of Policy Rules in Reaction to Productivity Shocks; C. Policy Rules with Multiple Shocks; 3. Optimal Weight on Nominal Credit in the Macroprudential Rule; VI. Robustness of the Results; 6. Sensitivity of Parameters of Policy Rules Optimized to Financial Shocks to Changes in Key Parameters. | |
| 505 | 8 | |a 7. Sensitivity of Parameters of Policy Rules Optimized to Productivity Shocks to Changes in Key Parameters FiguresVII. Conclusions; Appendix: Linearized Conditions; References; Footnotes. | |
| 520 | |a We argue that a stronger emphasis on macrofinancial risk could provide stabilization benefits. Simulations results suggest that strong monetary reactions to accelerator mechanisms that push up credit growth and asset prices could help macroeconomic stability. In addition, using a macroprudential instrument designed specifically to dampen credit market cycles would also be useful. But invariant and rigid policy responses raise the risk of policy errors that could lower, not raise, macroeconomic stability. Hence, discretion would be required. | ||
| 590 | |a ProQuest Ebook Central |b Ebook Central Academic Complete | ||
| 650 | 0 | |a Monetary policy |x Econometric models. | |
| 650 | 0 | |a Inflation (Finance) | |
| 650 | 0 | |a Assets (Accounting) |x Prices. | |
| 650 | 0 | |a Macroeconomics. | |
| 650 | 6 | |a Politique monétaire |x Modèles économétriques. | |
| 650 | 6 | |a Inflation. | |
| 650 | 6 | |a Actif (Comptabilité) |x Prix. | |
| 650 | 6 | |a Macroéconomie. | |
| 650 | 7 | |a Assets (Accounting) |x Prices |2 fast | |
| 650 | 7 | |a Inflation (Finance) |2 fast | |
| 650 | 7 | |a Macroeconomics |2 fast | |
| 650 | 7 | |a Monetary policy |x Econometric models |2 fast | |
| 700 | 1 | |a Rabanal, Pau. | |
| 700 | 1 | |a Kannan, Prakash. | |
| 758 | |i has work: |a Monetary and macroprudential policy rules in a model with house price booms (Text) |1 https://id.oclc.org/worldcat/entity/E39PCGFGTv4Bqt4MDbqGBMyBdP |4 https://id.oclc.org/worldcat/ontology/hasWork | ||
| 776 | 0 | 8 | |i Print version: |a Scott, Alasdair. |t Monetary and Macroprudential Policy Rules in a Model with House Price Booms. |d Washington : International Monetary Fund, ©2009 |z 9781451873986 |
| 830 | 0 | |a IMF Working Papers. | |
| 856 | 4 | 0 | |u https://ebookcentral.uam.elogim.com/lib/uam-ebooks/detail.action?docID=1605968 |z Texto completo |
| 938 | |a EBL - Ebook Library |b EBLB |n EBL1605968 | ||
| 938 | |a YBP Library Services |b YANK |n 11618252 | ||
| 994 | |a 92 |b IZTAP | ||