Macroprudential and Monetary Policy Rules in a Model with Collateral Constraints
We compare the welfare and macroeconomic effects of monetary policy and macroprudential policy, in particular one targeting the loan-to-value (LTV) ratio. We develop a dynamic stochastic general equilibrium (DSGE) model with collateral constraints and two types of agents. In this set-up, we study se...
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| Format: | Article |
| Language: | English |
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Collegium of Economic Analysis, SGH Warsaw School of Economics
2020-06-01
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| Series: | Gospodarka Narodowa. The Polish Journal of Economics |
| Subjects: | |
| Online Access: | http://www.journalssystem.com/gna/Macroprudential-and-monetary-policy-rules-in-a-model-with-collateral-constraints,120623,0,2.html |