Unpleasant Monetarist Arithmetic: Macroprudential Edition

Jan Libich
2017 Social Science Research Network  
The 2008 crisis highlighted the linkages between the financial sector and the real economy, as well as between the corresponding stabilization policies: macroprudential and monetary (M&Ms). Our game-theoretic analysis focuses on the increasingly adopted separation setup, in which M&Ms are conducted by two different institutions (e.
doi:10.2139/ssrn.2985247 fatcat:ioqhjxu2k5fkfhwo5kbyh7kdoa