Should Monetary Policy Lean Against the Wind? An Analysis Based on a DSGE Model with Banking

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Monetary Policy, the Financial Cycle and Ultralow Interest Rates (2016, background): “…considering whether, in general equilibrium models and based on typical objective functions, responding to variables other than output and inflation, such as credit or asset prices, can be superior to a hands-off policy (eg Woodford (2012), Fahr et al (2013), Gambacorta and Signoretti (2014)).”
Monetary Policy, Financial Conditions, and Financial Stability (2014, unknown): “Gambacorta and Signoretti (2014) compare the performance of Taylor rules augmented with asset prices and credit supply, building on the setting of Curdia and Woodford (2010), with more standard rules with flexible inflation targeting.”