• Monetary and Macroprudential Policy with Multi-Period Loans 

      Brzoza-Brzezina, Michał; Gelain, Paolo; Kolasa, Marcin (Working Papers;16/2014, Working paper, 2014)
      We study the implications of multi-period loans for monetary and macroprudential policy, considering several realistic modifications - variable vs. fixed loan rates, non-negativity constraint on newly granted loans, and ...