How do capital controls and macroprudential policy interact with monetary policy in a small open economy?
In this paper, I focus on how macroprudential or capital control policy complements monetary policy of small open economies in the face of foreign interest rate shock. I build the base model followed by Aoki et al. (2018) and simulate the impulse response to the foreign interest rate shock and compa...
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| Format: | Thesis (University of Nottingham only) |
| Language: | English |
| Published: |
2021
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| Online Access: | https://eprints.nottingham.ac.uk/66872/ |