Monetary and macroprudential policy in a commodity exporting economy: A structural model analysis
Sign Up to like & getrecommendations! Published in 2018 at "Central Bank Review"
DOI: 10.1016/j.cbrev.2018.06.001
Abstract: We build a structural small open economy model to examine the impact of monetary and macroprudential policy actions in a commodity exporting economy. The model incorporates labor market, credit market, macroprudential policy tools such as… read more here.
Keywords: policy; macroprudential policy; monetary macroprudential; model ... See more keywords
Monetary and macroprudential policies in the presence of external shocks: evidence from an emerging economy
Sign Up to like & getrecommendations! Published in 2021 at "Journal of Economic Studies"
DOI: 10.1108/jes-11-2020-0577
Abstract: PurposeThis paper examines the impact of using the reserve requirements, combined with foreign exchange (FX) intervention, as key instruments in an inflation-targeting framework.Design/methodology/approachIn the context of a dynamic stochastic general equilibrium (DSGE) framework and using… read more here.
Keywords: economy; external shocks; monetary macroprudential; policies presence ... See more keywords
Effects of Monetary and Macroprudential Policies—Evidence from Four Inflation Targeting Economies
Sign Up to like & getrecommendations! Published in 2018 at "Journal of Money, Credit and Banking"
DOI: 10.1111/jmcb.12495
Abstract: We examine the effects of monetary and macroprudential policies in the Asia‐Pacific region, where many inflation targeting economies have adopted macroprudential policies in order to safeguard financial stability. Using structural panel vector autoregressions that identify… read more here.
Keywords: inflation targeting; macroprudential policies; monetary macroprudential; targeting economies ... See more keywords
The Interaction of Monetary and Macroprudential Policies
Sign Up to like & getrecommendations! Published in 2019 at "Journal of Money, Credit and Banking"
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
Interactions and Coordination between Monetary and Macroprudential Policies
Sign Up to like & getrecommendations! Published in 2021 at "American Economic Journal: Macroeconomics"
DOI: 10.1257/mac.20190139
Abstract: I study monetary and macroprudential policy intervention in a general equilibrium economy with recurrent boom-bust cycles. Recurrence causes forward-looking variables to also react to policy intervention during phases in which the intervention is inactive. Macroprudential… read more here.
Keywords: intervention; policy; coordination monetary; monetary macroprudential ... See more keywords