Monetary Policy and Macroprudential Regulation with Financial Frictions

Monetary Policy and Macroprudential Regulation with Financial Frictions
Author :
Publisher : MIT Press
Total Pages : 601
Release :
ISBN-10 : 9780262359429
ISBN-13 : 0262359421
Rating : 4/5 (29 Downloads)

Book Synopsis Monetary Policy and Macroprudential Regulation with Financial Frictions by : Pierre-Richard Agenor

Download or read book Monetary Policy and Macroprudential Regulation with Financial Frictions written by Pierre-Richard Agenor and published by MIT Press. This book was released on 2020-11-10 with total page 601 pages. Available in PDF, EPUB and Kindle. Book excerpt: An integrated analysis of how financial frictions can be accounted for in macroeconomic models built to study monetary policy and macroprudential regulation. Since the global financial crisis, there has been a renewed effort to emphasize financial frictions in designing closed- and open-economy macroeconomic models for monetary and macroprudential policy analysis. Drawing on the extensive literature of the past decade as well as his own contributions, in this book Pierre-Richard Age&́nor provides a unified set of theoretical and quantitative macroeconomic models with financial frictions to explore issues that have emerged in the wake of the crisis. These include the need to understand better how the financial system amplifies and propagates shocks originating elsewhere in the economy; how it can itself be a source of aggregate fluctuations; the extent to which central banks should account for financial stability considerations in the conduct of monetary policy; whether national central banks and regulators should coordinate their policies to promote macroeconomic and financial stability; and how much countercyclical macroprudential policies should be coordinated at the international level to mitigate financial spillovers across countries.


Monetary Policy and Macroprudential Regulation with Financial Frictions Related Books

Monetary Policy and Macroprudential Regulation with Financial Frictions
Language: en
Pages: 601
Authors: Pierre-Richard Agenor
Categories: Business & Economics
Type: BOOK - Published: 2020-11-10 - Publisher: MIT Press

DOWNLOAD EBOOK

An integrated analysis of how financial frictions can be accounted for in macroeconomic models built to study monetary policy and macroprudential regulation. Si
Monetary Policy and Macroprudential Regulation with Financial Frictions
Language: en
Pages:
Authors: Pierre-Richard Agénor
Categories: Macroeconomics
Type: BOOK - Published: 2020 - Publisher:

DOWNLOAD EBOOK

"A monograph that accounts for financial frictions in some of the most-used macroeconomic models. An attempt to bring practical reality into macroeconomic theor
Informality, Frictions, and Macroprudential Policy
Language: en
Pages: 37
Authors: Moez Ben Hassine
Categories: Business & Economics
Type: BOOK - Published: 2019-11-27 - Publisher: International Monetary Fund

DOWNLOAD EBOOK

We analyze the effects of macroprudential policies through the lens of an estimated dynamic stochastic general equilibrium (DSGE) model tailored to developing m
Monetary and Macroprudential Policies to Manage Capital Flows
Language: en
Pages: 44
Authors: Juan Pablo Medina Guzman
Categories: Business & Economics
Type: BOOK - Published: 2014-02-12 - Publisher: International Monetary Fund

DOWNLOAD EBOOK

We study interactions between monetary and macroprudential policies in a model with nominal and financial frictions. The latter derive from a financial sector t
Capital Flows, Financial Intermediation and Macroprudential Policies
Language: en
Pages: 31
Authors: Matteo Ghilardi
Categories: Business & Economics
Type: BOOK - Published: 2014-08-21 - Publisher: International Monetary Fund

DOWNLOAD EBOOK

This paper develops an open-economy DSGE model with an optimizing banking sector to assess the role of capital flows, macro-financial linkages, and macroprudent