Macroprudential Policy, Incomplete Information and Inequality

The case of Low-Income and Developing Countries

Macroprudential Policy, Incomplete Information and Inequality
In this paper, we use a DSGE model to study the passive and time-varying implementation of macroprudential policy when policymakers have noisy and lagged data, as commonly observed in lowincome and developing countries (LIDCs). The model features an economy with two agents; households and entrepreneurs. Entrepreneurs are the... READ MORE...

Publication date: March 2017
ISBN 9781475588057
$18.00

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