Reversal interest rate and macroprudential policy
Could a monetary policy loosening in a low interest rate environment have unintended
recessionary effects? Using a non-linear macroeconomic model fitted to the euro area …
recessionary effects? Using a non-linear macroeconomic model fitted to the euro area …
Macroprudential policies in a low interest rate environment
M Rubio, F Yao - Journal of Money, Credit and Banking, 2020 - Wiley Online Library
In this paper, we analyze the use of macroprudential policies in a low interest rate
environment, where an occasionally binding zero lower bound (ZLB) constraint gives rise to …
environment, where an occasionally binding zero lower bound (ZLB) constraint gives rise to …
Countercyclical capital regulation in a small open economy DSGE model
We examine, conditional on structural shocks, the macroeconomic performance of different
countercyclical capital buffer (CCyB) rules in small open economy estimated medium-scale …
countercyclical capital buffer (CCyB) rules in small open economy estimated medium-scale …
Housing and credit market shocks: Exploring the role of rule-based Basel III counter-cyclical capital requirements
G Liu, T Molise - Economic Modelling, 2019 - Elsevier
This paper examines the extent to which the Basel III bank capital regulation attenuates
fluctuations in housing and credit markets and fosters financial and macroeconomic stability …
fluctuations in housing and credit markets and fosters financial and macroeconomic stability …
Interest rate rules under financial dominance
V Lewis, M Roth - Journal of Economic Dynamics and Control, 2018 - Elsevier
We study the equilibrium properties of a business cycle model with financial frictions and
price adjustment costs. Capital-constrained entrepreneurs finance risky projects by …
price adjustment costs. Capital-constrained entrepreneurs finance risky projects by …
Empowering central bank asset purchases: The role of financial policies
M Darracq Pariès, J Körner, N Papadopoulou - 2019 - papers.ssrn.com
This paper contributes to the debate on the macroeconomic effectiveness of expansionary
non-standard monetary policy measures in a regulated banking environment. Based on an …
non-standard monetary policy measures in a regulated banking environment. Based on an …
[图书][B] Empowering Central Bank Asset Purchases: The Role of Financial Policies
MD Paries, J Körner, N Papadopoulou - 2019 - centralbank.cy
This paper contributes to the debate on the macroeconomic effectiveness of expansionary
non-standard monetary policy measures in a regulated banking environment. Based on an …
non-standard monetary policy measures in a regulated banking environment. Based on an …
[图书][B] Informality, Frictions, and Macroprudential Policy
MB Hassine, MN Rebei - 2019 - books.google.com
We analyze the effects of macroprudential policies through the lens of an estimated dynamic
stochastic general equilibrium (DSGE) model tailored to developing markets. In particular …
stochastic general equilibrium (DSGE) model tailored to developing markets. In particular …
Essays in macroeconomics and nonlinear dynamics
MC Rottner - 2021 - cadmus.eui.eu
This thesis investigates topics in macroeconomics with nonlinear dynamics as their inherent
feature. It aims to further the understanding of the connection between the financial sector …
feature. It aims to further the understanding of the connection between the financial sector …
[PDF][PDF] Monetary Policy Inertia, Macroprudential Policy, and Financial Stability in a Liquidity Trap
K Hasui - … Policy, and Financial Stability in a Liquidity …, 2020 - matsuyama-ur.repo.nii.ac.jp
Kohei Hasui† abstract After the colossal financial crisis of 2008, many monetary policy
analyses have shown the profound implications for financial stability of monetary policy in a …
analyses have shown the profound implications for financial stability of monetary policy in a …