Monetary and Macroprudential Policy in an Estimated DSGE Model of the Euro Area

WP/13/209

Monetary and Macroprudential Policy in an Estimated DSGE Model of the Euro Area
In this paper, we study the optimal mix of monetary and macroprudential policies in an estimated two-country model of the euro area. The model includes real, nominal and financial frictions, and hence both monetary and macroprudential policy can play a role. Wefind that the introduction of a macroprudential rule would help in reducing... READ MORE...

Publication date: October 2013
ISBN 9781484333693
$18.00

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Publication date: October 2013

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Publication date: October 2013

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