• Leaning against persistent financial cycles with occasional crises 

      Kockerols, Thore; Kravik, Erling Motzfeldt; Mimir, Yasin (Working Paper;11/2021, Working paper, 2021)
      Should central banks use leaning against the wind (LAW)-type monetary or macroprudential policy to address risks to financial stability? We first assess LAW as a one-off (nonsystematic) policy using an estimated large-scale ...
    • “Leaning Against the Wind”, Macroprudential Policy and the Financial Cycle 

      Kockerols, Thore; Kok, Christoffer (Working Paper;1/2019, Working paper, 2019)
      Should monetary policy lean against financial stability risks? This has been a subject of fierce debate over the last decades. We contribute to the debate about “leaning against the wind” (LAW) along three lines. First, ...