Arbeitspapier
Ahead of the cycle
I examine the conduct of macroprudential policy in an environment where economic indicators move in a cyclical fashion, policy works with a lag, and there are adjustment costs to changing policy. In this setting policy instruments such as the countercyclical capital buffer should be set not only based on the present state of the cycle, but also on where the cycle is expected to be in the future and on the current level of buffer.
- Sprache
-
Englisch
- Erschienen in
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Series: Danmarks Nationalbank Working Papers ; No. 143
- Klassifikation
-
Wirtschaft
Financial Institutions and Services: Government Policy and Regulation
Central Banks and Their Policies
- Thema
-
Macroprudential policy
financial stability
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Korsgaard, Søren
- Ereignis
-
Veröffentlichung
- (wer)
-
Danmarks Nationalbank
- (wo)
-
Copenhagen
- (wann)
-
2019
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:41 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Korsgaard, Søren
- Danmarks Nationalbank
Entstanden
- 2019