Essays about: "macroprudential policy"

Showing result 6 - 10 of 14 essays containing the words macroprudential policy.

1. 6. The Interaction Between Monetary Policy and Macroprudential Policy

   University essay from Lunds universitet/Nationalekonomiska institutionen

   Author : Glenn Nielsen; [2019]
   Keywords : monetary policy; macroprudential policy; macroeconomic stability; financial stability; panel VAR; Business and Economics;

   Abstract : The latest global financial crisis ignited the debate on whether the role of monetary policy's main objective, price stability, is enough to achieve financial stability. It also sparked an interest of new policy measures that directly targets the financial system, such as macroprudential policies. READ MORE

3. 7. Macroprudential regulation of borrowing standards: a comparative analysis of loan-to-value and loan-to-income policies.

   University essay from Handelshögskolan i Stockholm/Institutionen för nationalekonomi; Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Sante Carbone; Oona Hakala; [2019]
   Keywords : Consumer Debt; Crisis; Housing; Housing Finance; Bayesian;

   Abstract : Starting from the Two-Agents New-Keynesian DSGE framework presented by Iacoviello and Neri (2010), we re-write the model allowing for a loan-to-income (LTI) constraint in place of a loan-to-value (LTV) constraint. We derive a balanced growth path equilibrium for our model and compare steady-state results as well as dynamic responses to a rich set of shocks between the two macroprudential regulations. READ MORE

4. 8. Optimal Monetary Policy, Macroprudential Instruments, and the Credit Cycle

   University essay from Uppsala universitet/Nationalekonomiska institutionen

   Author : Camilo Marchesini; [2019]
   Keywords : Monetary policy; macroprudential regulation; banking; financial frictions;

   Abstract : I study optimal monetary and macroprudential policies in a New Keynesian DSGE framework with leverageconstrainedbanks. In particular, I assess the desirability of alternative operational policy rules when theeconomy is hit by mortgage default shocks and show that their implications for inflation dynamics and policytrade-offs depend on whether the shocks originate in the household sector or in the entrepreneurial sector ofthe economy. READ MORE

5. 9. The Swedish Housing Market, An Analysis of two Different Policy-Induced Shocks to the Swedish Fundamental House Prices

   University essay from Lunds universitet/Nationalekonomiska institutionen

   Author : Arvid Lodén; Johan Persson; [2019]
   Keywords : Fundamental house prices; macroprudential policies; interest deduction; property tax; Business and Economics;

   Abstract : This paper presents an analysis of two different policy-induced shocks to the Swedish housing market. An abolishment of the interest deduction and a reintroduced property tax. The paper closely follows the methodology presented by Bergman and Sørensen (2016). READ MORE

6. 10. Optimal Macroprudential-Fiscal Policy and Financial Stability : The Effects on Private Debt Deleveraging in Advanced and Emerging Economies

   University essay from KTH/Industriell ekonomi och organisation (Inst.)

   Author : Josef Sebhatu; [2018]
   Keywords : Macroprudential Policy; Fiscal Policy; Financial Stability; Private Debt.;

   Abstract : What is the optimal interaction between macroprudential and fiscal policy to foster financial stability? This thesis evaluates whether policy interaction can impact private debt growth. First, a model is built with borrowing constraints that illustrate the links between private and public debt dynamics. READ MORE