Arbeitspapier
Coordinating monetary and financial regulatory policies
How to conduct macro-prudential regulation? How to coordinate monetary policy and macro-prudential policy? To address these questions, I develop a continuous-time New Keynesian economy in which a financial intermediary sector is subject to a leverage constraint. Coordination between monetary and macro-prudential policies helps to reduce the risk of entering into a financial crisis and speeds up exit from the crisis. The downside of coordination is variability in inflation and in the employment gap.
- ISBN
-
978-92-899-3260-8
- Sprache
-
Englisch
- Erschienen in
-
Series: ECB Working Paper ; No. 2155
- Klassifikation
-
Wirtschaft
Price Level; Inflation; Deflation
Business Fluctuations; Cycles
Financial Markets and the Macroeconomy
Monetary Policy
Policy Objectives; Policy Designs and Consistency; Policy Coordination
Financial Crises
- Thema
-
Monetary Policy
Macro-prudential Policy
Policy Coordination
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Van der Ghote, Alejandro
- Ereignis
-
Veröffentlichung
- (wer)
-
European Central Bank (ECB)
- (wo)
-
Frankfurt a. M.
- (wann)
-
2018
- DOI
-
doi:10.2866/35826
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Van der Ghote, Alejandro
- European Central Bank (ECB)
Entstanden
- 2018