Blar i Arbeidsnotater / Working Papers på forfatter "Kolasa, Marcin"
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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 ...