Capital regulation and monetary policy with fragile banks

By Ignazio Angeloni, Ester Faia. 2013

204 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/85b0b63ce54d9d7685af985767d090d87b663c5c

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Citations in the corpus

Real interest rates, leverage, and bank risk-taking (2014, background): “2 Angeloni and Faia [10] is a recent attempt to introduce bank risk in a New Keynesian macro framework.”
Capital Regulation in a Macroeconomic Model with Three Layers of Default (2014, unknown): “An exception is Angeloni and Faia (2013), who focus on capital regulation in a model where banks are fragile and subject to runs, and the main distortion arises from the fact that the projects funded by banks may be subject to costly early liquidation if banks get in trouble.11 Hirakata, Sudo, and U”
Leaning Against Boom-Bust Cycles in Credit and Housing Prices (2013, background): “In particular, we introduce expectations on future productivity (Ac,t+n), on the supply of houses, (Ah,t+n), on the cost of transforming output into capital, (Ak,t+n), and on the policy rate, (uR,t+n), on deviations in the central bank inflation target, (As,t) and on inflationary pressures, (up,t).”
Monetary policy and risk taking (2015, methodology): “It can be shown (see [8] for details) that the value of  that maximises equation 9 is comprised in the interval    +       +  .”
Leaning Against the Wind: Macroprudential Policy in Asia (2014, background): “4 Most theoretical papers focus on individual macroprudential instruments, for example, reserve requirements (Media and Roldos, 2013) or countercyclical bank capital requirements (Angeloni and Faia, 2013).”
Wholesale Banking and Bank Runs in Macroeconomic Modeling of Financial Crises (2016, background): “Rt+1 = { Rt+1 if no deposit run xt+1Rt+1 if deposit run occurs (5)”
Macroprudential Policy - A Literature Review (2012, unknown): “In terms of policy prescriptions, this literature strand points to the usefulness of a combination of ‘mildly anti-cyclical’ capital ratios and a monetary policy rule that responds to bank leverage or asset prices (Angeloni and Faia, 2011).”
Optimal Monetary and Prudential Policies (2017, background): “Households choose (ct, ht, dt, st, kt, it, xt)t≥0 to maximize utility subject to (1) and (2).”
The Interaction of Monetary and Macroprudential Policies (2016, unknown): “Angeloni and Faia (2013) study jointly optimal rule-based monetary policies and capital regulation using a model of bank runs. Christensen et al. (2011) investigate optimal rule-based capital ratio regulation and monetary policy. With regard to jointly optimal Ramsey policies, Collard et al. (2012) ”
Financial Stability and Monetary Policy: How Closely Interlinked? (2014, background): “50 Angeloni et al. (2013) test, in a VAR context, for the two channels of increased bank risk by including measures of funding risk and borrower risk and overall bank risk.”