The Interaction of Monetary and Macroprudential Policies
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DOI: 10.1111/jmcb.12524
Abstract: I analyze a New Keynesian dynamic stochastic general equilibrium (DSGE) model where the financing of productive investment is affected by a moral hazard problem. I solve for jointly Ramsey‐optimal monetary and macroprudential policies. I find… read more here.
Keywords: monetary macroprudential; policy; interaction monetary; macroprudential policies ... See more keywords