Sökning: "Camilo Marchesini"

Hittade 1 uppsats innehållade orden Camilo Marchesini.

  1. 1. Optimal Monetary Policy, Macroprudential Instruments, and the Credit Cycle

    Master-uppsats, Uppsala universitet/Nationalekonomiska institutionen

    Författare :Camilo Marchesini; [2019]
    Nyckelord :Monetary policy; macroprudential regulation; banking; financial frictions;

    Sammanfattning : I study optimal monetary and macroprudential policies in a New Keynesian DSGE framework with leverageconstrainedbanks. In particular, I assess the desirability of alternative operational policy rules when theeconomy is hit by mortgage default shocks and show that their implications for inflation dynamics and policytrade-offs depend on whether the shocks originate in the household sector or in the entrepreneurial sector ofthe economy. LÄS MER