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Short and long term interest rates and the effectiveness of monetary and macroprudential policies

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Figure

Table 1: Parameter Values
Figure 1: Taylor Curve. Monetary Policy aims at minimizing inflation and output variability
Figure 2: Augmented Taylor curve. Short-term rates. Monetary Policy minimizes output, inflation andcredit variability
Figure 4: Credit variability implied by an LTV macroprudential rule
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