کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5058923 1371771 2014 6 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Dichotomy between macroprudential policy and monetary policy on credit and inflation
ترجمه فارسی عنوان
دوگانگی بین سیاست های کلان اقتصادی و سیاست پولی در اعتبار و تورم
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
چکیده انگلیسی


- I lay out a simple New Keynesian model with credit between households.
- I analyze impacts of monetary and macroprudential policy on credit and inflation.
- I discover a dichotomy between two policies regarding their effects.
- This dichotomy arises because each policy affects savers and borrowers differently.

This paper compares macroprudential policy and monetary policy using a simple New Keynesian model with credit. Macroprudential policy is effective in stabilizing credit with limited impact on inflation. Monetary policy stabilizes inflation, but is 'too blunt' for credit stabilization.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Economics Letters - Volume 122, Issue 2, February 2014, Pages 144-149
نویسندگان
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