The Interface between Regulation and Monetary Policy
Macroprudential Regulation and the Role of Monetary Policy
... capital regulation and mone- tary policy in a Dynamic Stochastic General Equilibrium model with endogenous …nan- cial frictions and a borrowing cost ...losses, monetary policy and bank capital ...
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Macroprudential Regulation and the Role of Monetary Policy
... capital regulation and mone- tary policy in a Dynamic Stochastic General Equilibrium model with endogenous …nan- cial frictions and a borrowing cost ...losses, monetary policy and bank capital ...
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Optimal Bank Regulation and Monetary Policy
... optimal policy parameter choice in the model means that regulation of bank capital and conduct of monetary policy should be ...capital regulation should be active rather than ...and ...
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Capital Regulation, Monetary Policy and Financial Stability
... if monetary policy can respond aggressively to ination, as long as the degree of interest rate smoothing is ...capital regulation is a very eective tool for constraining the growth in aggregate ...
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Incorporating Macroprudential Financial Regulation into Monetary Policy
... financial regulation and monetary ...of monetary policy in restarting the economy post ...how policy makers would have been able to make and defend those judgments in real ...financial ...
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Essays on Credit, Macroprudential Regulation, and Monetary Policy
... prudential regulation and monetary policy? In the second essay, we develop a quantitative New Keynesian DSGE model for the euro area and estimate the model with full-information Bayesian ...leakage ...
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Monetary policy and capital regulation in the US and Europe
... of monetary policy; indeed, as the crisis began in August 2007 in ation expectations were high and rising, particularly in the United ...bank regulation it can exercise regulatory ...
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Capital Regulation, Monetary Policy and Financial Stability
... trade-offs between macroeconomic and financial stability objectives when each in- strument is used in ...capital regulation is a fairly effective tool for constraining the growth in aggregate demand, because ...
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Capital Regulation, Monetary Policy, and Financial Stability
... for monetary policy to react above and beyond what is required to stabilize output and ...countercyclical regulation is that finan- cial markets, left to themselves, are inherently ...financial ...
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Macroprudential regulation, credit spreads and the role of monetary policy
... banking regulation agenda (as opposed to protecting the banking sector against future losses), it is clear that with the undeniable link between the …nancial sector and real economy, banking ...
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Macroprudential regulation, credit spreads and the role of monetary policy
... The policy lessons arising from our model imply that central banks should reduce their in‡ation response in the Taylor rule in spite of higher in‡ationary pressures, and in the presence of a borrow- ing cost ...
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Leveraging monetary policy and banking regulation for climate action in Nigeria
... align monetary policy and banking regulations to better meet the challenges posed by climate change to the banking sector and financial stability in ...linkages between monetary policy ...
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The new financial regulation in Basel III and monetary policy: A macroprudential approach
... In this setting, there are three types of distortions: price rigidities, credit frictions and loan frictions. The …rst distortion appears because of the presence of sticky prices and monopolistic competition, typical in ...
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Interaction between monetary policy and bank regulation: theory and European practice
... unconventional monetary policies have been implemented in order to combat low inflation, foster risk taking and, ultimately, reinvigorate ...But monetary and macro-prudential policies interact with each ...
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Essays on Monetary Policy and Financial Regulation
... type of borrowing constraint into a Huggett (1993)-type heterogeneous agent economy with idiosyncratic endowment and non-state contingent bonds, calibrate this model to US data and examine the effects of an exogenously ...
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Monetary Policy as Financial-Stability Regulation
... how monetary policy “works”— ...same monetary services to households as bank-created ...spread between money and bonds is fixed and unresponsive to their relative ...supplies. Monetary ...
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Monetary Policy, Regulation and Volatile Markets
... According to this view, a high degree of transparency may kick market makers out of price-driven markets, thereby reducing liquidity. The European Commission used those arguments to conclude in a recent report (see EC, ...
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The Interface Between Arbitration And The Brussels Regulation
... assess its own jurisdiction and may decide whether there is an arbitration agreement, whether the agreement is valid and effective and whether the dispute submitted [r] ...
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How Complementary Are Prudential Regulation and Monetary Policy?
... Asset price cycles—and the corresponding likelihood of full- blown financial crises—may well establish a feedback loop with pro-cyclical risk assessments present in traditional micropru- dential rules. Suppose, for ...
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Regulation and the neo-Wicksellian approach to monetary policy
... optimal monetary policy uses estimates of the neutral real interest rate, often in a ...link between these two variables, which Trehan and Wu (2007) show reduces the potential for policy to be ...
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