Should monetary policy lean against the wind? An analysis based on a DSGE model with banking

DOI10.1016/j.jedc.2014.01.016zbMath1402.91450OpenAlexW2020097823MaRDI QIDQ1994559

Leonardo Gambacorta, Federico M. Signoretti

Publication date: 1 November 2018

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jedc.2014.01.016

zbMATH Keywords

monetary policycredit channelTaylor ruleasset pricesDSGEleaning-against-the-wind

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Dynamic stochastic general equilibrium theory (91B51)

Related Items (6)

Uncertainty shocks, banking frictions and economic activity ⋮ Optimal monetary policy with capital and a financial accelerator ⋮ Capital flows, financial intermediation and macroprudential policies ⋮ Is central bank news good news for loan interest rates volatility? ⋮ The role of financial intermediaries in monetary policy transmission ⋮ Monetary and macroprudential policy coordination with biased preferences

Cites Work

• Disinflation in a DSGE perspective: Sacrifice ratio or welfare gain ratio?
• Leaning against boom-bust cycles in credit and housing prices
• The role of bank capital in the propagation of shocks
• Monopolistic Price Adjustment and Aggregate Output
• A Theory of Debt Based on the Inalienability of Human Capital

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