Financial Stability and Interest-Rate Policy : A Quantitative Assessment of Costs and Benefits

A Quantitative Assessment of Costs and Benefits

Financial Stability and Interest-Rate Policy : A Quantitative Assessment of Costs and Benefits
Should monetary policy use its short-term policy rate to stabilize the growth in household credit and housing prices with the aim of promoting financial stability? We ask this question for the case of Canada. We find that to a first approximation, the answer is no- especially when the economy is slowing down. READ MORE...

Publication date: March 2016
ISBN 9781475522679
$18.00

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