Tayler, William; Zilberman, Roy - Volkswirtschaftliche Fakultät, … - 2014
This paper examines the macroprudential roles of bank capital regulation and monetary policy in a Dynamic Stochastic … toolkit. Following credit shocks, countercyclical bank capital regulation is more effective than monetary policy in promoting … financial, price and overall macroeconomic stability. For supply shocks, macroprudential regulation combined with a strong …