Sökning: "Camilo Marchesini"
Hittade 1 uppsats innehållade orden Camilo Marchesini.
1. Optimal Monetary Policy, Macroprudential Instruments, and the Credit Cycle
Master-uppsats, Uppsala universitet/Nationalekonomiska institutionenSammanfattning : 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
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