Monetary Policy and Macroprudential Regulation with Financial Frictions
Monetary Policy and Macroprudential Regulation with Financial Frictions An integrated analysis of how financial frictions can be accounted for in macroeconomic models built to study monetary policy…
Specifikacia Monetary Policy and Macroprudential Regulation with Financial Frictions
Monetary Policy and Macroprudential Regulation with Financial Frictions
An integrated analysis of how financial frictions can be accounted for in macroeconomic models built to study monetary policy and macroprudential regulation.Since the global financial crisis, there has been a renewed effort to emphasize financial frictions in designing closed- and open-economy macroeconomic models for monetary and macroprudential policy analysis. These include the need to understand better how the financial system amplifies and propagates shocks originating elsewhere in the economy; how it can itself be a source of aggregate fluctuations; the extent to which central banks Drawing on the extensive literature of the past decade as well as his own contributions, in this book Pierre-Richard Age nor provides a unified set of theoretical and quantitative macroeconomic models with financial frictions to explore issues that have emerged in the wake of the crisis.
Monetary Policy
Modern Financial Regulation
21st Century Monetary Policy
Strategies for Monetary Policy