Macroprudential and monetary policies: implications for financial stability and welfare
In this paper, we analyze the implications of macroprudential and monetary policies for business cycles, welfare, and financial stability. We consider a dynamic stochastic general equilibrium (DSGE) model with housing and collateral constraints. A macroprudential rule for the loan-to-value ratio (LT...
| Main Authors: | Rubio, Margarita, Carrasco-Gallego, José A. |
|---|---|
| Format: | Article |
| Published: |
Elsevier
2014
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| Subjects: | |
| Online Access: | https://eprints.nottingham.ac.uk/29821/ |
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