On the Interplay Between Monetary Policy and Macroprudential Policy: A Simple Analytical Framework

dc.contributor.author	Røisland, Øistein
dc.date.accessioned	2018-04-24T07:40:50Z
dc.date.available	2018-04-24T07:40:50Z
dc.date.issued	2017
dc.identifier.isbn	978-82-8379-001-6
dc.identifier.issn	1502-8190
dc.identifier.uri	http://hdl.handle.net/11250/2495559
dc.description.abstract	The paper provides a simple analytical framework for analyzing the interplay between monetary policy and macroprudential policy. Three questions are analyzed: (i) Under which assumptions is coordination necessary to implement an optimal policy mix? (ii) Are the two policy instruments substitutes or complements, i.e. should they move in opposite or the same direction as response to a shock? (iii) Can "leaning against the wind" in monetary policy lead to a negative inflation bias?	nb_NO
dc.language.iso	eng	nb_NO
dc.publisher	Norges Bank	nb_NO
dc.relation.ispartofseries	Working Papers;18/2018
dc.rights	Attribution-NonCommercial-NoDerivatives 4.0 Internasjonal	*
dc.rights.uri	http://creativecommons.org/licenses/by-nc-nd/4.0/deed.no	*
dc.subject	JEL: E52	nb_NO
dc.subject	JEL: E58	nb_NO
dc.subject	JEL: E61	nb_NO
dc.subject	monetary policy	nb_NO
dc.subject	macroprudential policy	nb_NO
dc.subject	coordination	nb_NO
dc.title	On the Interplay Between Monetary Policy and Macroprudential Policy: A Simple Analytical Framework	nb_NO
dc.type	Working paper	nb_NO
dc.description.version	publishedVersion	nb_NO
dc.subject.nsi	VDP::Samfunnsvitenskap: 200::Økonomi: 210::Samfunnsøkonomi: 212	nb_NO
dc.source.pagenumber	21	nb_NO

Except where otherwise noted, this item's license is described as Attribution-NonCommercial-NoDerivatives 4.0 Internasjonal