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hal.structure.identifierCentre de recherche en économie et management [CREM]
dc.contributor.authorPoutineau, Jean-Christophe
HAL ID: 173590
ORCID: 0000-0002-0189-4195
*
hal.structure.identifierLaboratoire d'Economie de Dauphine [LEDa]
hal.structure.identifierCentre de recherche en économie et management [CREM]
dc.contributor.authorVermandel, Gauthier*
dc.date.accessioned2016-07-20T14:30:58Z
dc.date.available2016-07-20T14:30:58Z
dc.date.issued2015
dc.identifier.issn0022-0485
dc.identifier.urihttps://basepub.dauphine.fr/handle/123456789/15666
dc.language.isoenen
dc.subjectFinancial frictionsen
dc.subjectmacroeconomicsen
dc.subjectmacroprudential policyen
dc.subjectmonetary policyen
dc.subjectNew Keynesianen
dc.subjectoptimal interest rate rulesen
dc.subject.ddc339
dc.subject.classificationjelA.A2.A20en
dc.subject.classificationjelE.E1.E10en
dc.subject.classificationjelE.E5.E50en
dc.subject.classificationjelF.F4.F41en
dc.titleA Primer on Macroprudential Policyen
dc.typeArticle accepté pour publication ou publié
dc.description.abstractenThis article introduces macroprudential policy using a static New Keynesian Macroeconomics model with financial frictions. The authors analyze two related questions: First, they show how the procyclicality of financial factors, captured by the financial accelerator, amplifies the transmission of supply and demand shocks and impacts the intuition they get from a basic intermediate macroeconomics. Second, adopting an optimal policy perspective, they show how a policymaker may use macroprudential policy to complete monetary policy measures. Following the Mundellian Policy Assignment principle, macroprudential policy should be specialized to address the procyclicality problem to suppress welfare losses associated with the building of financial imbalances, thus helping monetary policy to concentrate on the output inflation tradeoff.en
dc.relation.isversionofjnlnameJournal of Economic Education
dc.relation.isversionofjnlvol46en
dc.relation.isversionofjnlissue1en
dc.relation.isversionofjnldate2015
dc.relation.isversionofjnlpages68-82en
dc.relation.isversionofdoi10.1080/00220485.2014.980527en
dc.relation.isversionofjnlpublisherUniversitas Negeri Semarangen
dc.subject.ddclabelMacroéconomie
dc.relation.forthcomingnonen
dc.relation.forthcomingprintnonen
dc.description.ssrncandidatenonen
dc.description.halcandidateouien
dc.description.readershiprechercheen
dc.description.audienceInternationalen
dc.relation.Isversionofjnlpeerreviewednonen
dc.relation.Isversionofjnlpeerreviewednonen
dc.date.updated2016-07-13T09:47:41Z
hal.faultCode{"duplicate-entry":{"halshs-01092211":{"doi":"1.0"}}}
hal.author.functionaut
hal.author.functionaut


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