The Interaction of Monetary and Macroprudential Policies in the Pursuit of the Central Bank?s Primary Objectives?

Kód výsledku v 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>

Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

The Interaction of Monetary and Macroprudential Policies in the Pursuit of the Central Bank?s Primary Objectives?

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

The Interaction of Monetary and Macroprudential Policies in the Pursuit of the Central Bank?s Primary Objectives?

Popis výsledku anglicky

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.

Druh

O - Ostatní výsledky

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

<a href="/cs/project/GA13-08549S" target="_blank" >GA13-08549S: Pokrizová bankovní regulace a její dopad na ekonomickou aktivitu v malé exportně orientované ekonomice</a><br>

Návaznosti

P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Rok uplatnění

2015

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů