The Interaction of Monetary and Macroprudential Policies in the Pursuit of the Central Bank?s Primary Objectives?
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F26138077%3A_____%2F15%3A%230000691" target="_blank" >RIV/26138077:_____/15:#0000691 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
The Interaction of Monetary and Macroprudential Policies in the Pursuit of the Central Bank?s Primary Objectives?
Original language description
This paper is concerned with the interaction of monetary and macroprudential policies at different stages of the financial and business cycle. We focus on identifying related channels of transmission of the two policies and potential feedback between them. We simulate the effects of changes in the monetary conditions, the capital adequacy ratio of banks and house prices. This simulation illustrates the need to coordinate monetary and macroprudential policies given the risks associated with credit growthand house price growth. For illustration, one typical tool is chosen for each policy: short-term interest rates for monetary policy impacts of changes in monetary and financial conditions. Our methodology allows us to obtain information from large number of tightening.
Czech name
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Czech description
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Classification
Type
O - Miscellaneous
CEP classification
AH - Economics
OECD FORD branch
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Result continuities
Project
<a href="/en/project/GA13-08549S" target="_blank" >GA13-08549S: Post-crisis regulation of banks and its impact on economic activity in a small export-oriented economy</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)
Others
Publication year
2015
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů