Sökning: "Leaning against the wind"

Hittade 2 uppsatser innehållade orden Leaning against the wind.

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

3. 2. What to pour in the punch bowl? Central banks and asset prices

   D-uppsats, Handelshögskolan i Stockholm/Institutionen för nationalekonomi

   Författare :Pär Holmbäck; [2011]
   Nyckelord :Monetary policy; Asset price bubbles; Jackson Hole Consensus; Leaning against the wind; Macroprudential policy;

   Sammanfattning : Until the financial crisis of 2008-09, asset prices played a secondary role in monetary policy. The mainstream view was that they should only be accounted for to the extent they affected the inflation forecast. LÄS MER