Financial Stability and Monetary Policy: How Closely Interlinked?

379 citations recorded by the source corpus.

Citations in the corpus

The political economy of reforms in central bank design: evidence from a new dataset (2018, unknown): “Smets (2014), for example, suggests that in order to avoid the time-inconsistency problem and to ensure clear accountability, it is important that price stability remains the monetary authorities’ primary objective.”
Monetary Policy, Financial Conditions, and Financial Stability (2014, unknown): “Conceptually, incentive problems between price stability and financial stability could arise if clear priorities are not set (Smets 2013).”
Monetary Transmission through Shadow Banks (2018, unknown): “Prior to the 2008–09 financial crisis, the consensus among policy makers was that monetary authority should focus on price stability and employment (Smets 2013).”
Macroprudential Rules and Monetary Policy when Financial Frictions Matter (2015, unknown): “As discussed in Bank of England (2015) and Smets (2014), although there is a growing literature that explores how monetary and macroprudential policies might be co-ordinated, there is no consensus yet on whether monetary policy should take into account ﬁ nancial stability considerations.”
Optimal Monetary and Prudential Policies (2017, unknown): “capital accumulation: x = (1− δ)k + i; (40) loans: l = x; (41) technology: k = ξ1(κ)x; (42) zero-profit condition for safe capital-goods producers:”