Monetary and Macroprudential Policies

By P. Gourinchas, M. Ayhan Kose, Stijn Claessens. IMF Economic Review, 2012

163 citations recorded by the source corpus.

Subfields: Finance

View Paper: https://www.semanticscholar.org/paper/2bcba20c3b7854d4dc022c5bc79a22d87a9f8755

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Finance

1. P. Gelain
2. P. Ilbas
3. Nellie Liang
4. Frank Smets
5. Tobias Adrian
6. Dominic Quint
7. Pau Rabanal
8. Hyun Song Shin

Citations in the corpus

• Intermediary Leverage Cycles and Financial Stability (2012, unknown): “Our paper is among the few that consider the role of (macro)prudential policies in dynamic equilibrium models explicitly (see Goodhart et al. (2012), Angelini et al. (2011), and Bianchi and Mendoza (2011) for alternative settings).”
• Should Monetary Policy Lean Against the Wind? An Analysis Based on a DSGE Model with Banking (2013, unknown): “Finally, our study, focusing on the interaction between asset-price developments and monetary policy, underscores the importance of co-operation between the central bank and the macroprudential authorities (Borio, 2006; Angelini et al., 2011).”
• Monetary Policy, Financial Conditions, and Financial Stability (2014, background): “Angelini, Neri, and Panetta (2012) show that the benefits of coordinated policies are sizable for financial shocks, but macroprudential policies may add to volatility in the case of typical real supply shocks if they are not coordinated with monetary policy.”
• Financial Stability and Monetary Policy: How Closely Interlinked? (2014, background): “The papers by Kannan, Rabanal, and Scott (2009), Angelini, Neri, and Panetta (2011), Darracq Pariès, Kok Sørensen, and RodriguezPalenzuela (2011), Lambertini, Mendicino, and Punzi (2011), Baillu, Meh, and Zhang (2012), Beau, Clerc, and Mojon (2012), Gelain, Lansing, and Mendicino (2012), and De…”
• Monetary and Macroprudential Policy in an Estimated DSGE Model of the Euro Area (2013, methodology): “A similar approach is followed by several models studied by the BIS to quantify the costs and bene ts of higher capital requirements (see MAG, 2010a and 2010b; Angelini et al., 2011a).”
• Monetary and Macroprudential Policies in an Estimated Model with Financial Intermediation (2014, methodology): “The third di¤erence with Angelini et al. (2012) concerns the policy recommendations resulting from the coordination exercises.”