Arbeitspapier
On the Interplay Between Monetary Policy and Macroprudential Policy: A Simple Analytical Framework
The paper provides a simple analytical framework for analyzing the interplay between monetary policy and macroprudential policy. Three questions are analyzed: (i) Under which assumptions is coordination necessary to implement an optimal policy mix? (ii) Are the two policy instruments substitutes or complements, i.e. should they move in opposite or the same direction as response to a shock? (iii) Can "leaning against the wind" in monetary policy lead to a negative inflation bias?
- ISBN
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978-82-8379-001-6
- Language
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Englisch
- Bibliographic citation
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Series: Working Paper ; No. 18/2017
- Classification
-
Wirtschaft
Monetary Policy
Central Banks and Their Policies
Policy Objectives; Policy Designs and Consistency; Policy Coordination
- Subject
-
monetary policy
macroprudential policy
coordination
- Event
-
Geistige Schöpfung
- (who)
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Røisland, Øistein
- Event
-
Veröffentlichung
- (who)
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Norges Bank
- (where)
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Oslo
- (when)
-
2017
- Handle
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Røisland, Øistein
- Norges Bank
Time of origin
- 2017
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