Macro-prudential policy and the conduct of monetary policy

By D. Beau, Laurent Clerc, Benoît Mojon. 2012

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Macroprudential and monetary policies: Implications for financial stability and welfare (2014, background): “0 Yt (z) ε−1 ε dz ] ε ε−1 , (10) (9)Through simple algebra it can be shown that the Lagrange multiplier is positive in the steady state and thus the collateral constraint holds with equality.”
Monetary and Macroprudential Policy in an Estimated DSGE Model of the Euro Area (2013, unknown): “Y C t (h) = P t (h) P t C Y H t ; and Y D t (h) = P t (h) P t D Y D t (14)”
What do we know about the effects of macroprudential policy (2018, unknown): “It has been argued that the transmission mechanism through which macroprudential policy and monetary policy work is similar to the extent that both work through the bank lending and balance sheet channels, and both are geared towards modifying private agents’ behavior (Beau et al., 2012).”
Macroprudential Policy - A Literature Review (2012, unknown): “(2010) and CGFS (2009) view market-based regulations designed to reduce the incentives”
Financial Stability and Monetary Policy: How Closely Interlinked? (2014, background): “This view goes back to Bernanke and Gertler (1999), Greenspan (2002), and many others.”