Showing 1 - 10 of 30
We study the interplay of optimal ex-ante (macroprudential) and ex-post (monetary or fiscal stimulus) measures to respond to systemic financial crises in a tractable model of fire sales. We find that it is generally optimal to use both, rejecting the Greenspan doctrine to only intervene ex post....
Persistent link: https://www.econbiz.de/10013089016
Persistent link: https://www.econbiz.de/10010482328
Persistent link: https://www.econbiz.de/10012266807
Persistent link: https://www.econbiz.de/10012208069
Persistent link: https://www.econbiz.de/10010246742
Persistent link: https://www.econbiz.de/10010356825
Persistent link: https://www.econbiz.de/10010363310
Persistent link: https://www.econbiz.de/10010346675
We study the interplay of optimal ex-ante (macroprudential) and ex-post (monetary or fiscal stimulus) measures to respond to systemic financial crises in a tractable model of fire sales. We find that it is generally optimal to use both, rejecting the Greenspan doctrine to only intervene ex post....
Persistent link: https://www.econbiz.de/10012459987
This paper analyzes the case for the international coordination of macroprudential policies in the context of a simple theoretical framework. Both domestic macroprudential policies and prudential capital controls have international spillovers through their impact on capital flows. The...
Persistent link: https://www.econbiz.de/10013056869