00927nam0-2200325---450-99001010869040332120161007112210.0978-1-617291-56-2001010869FED01001010869(Aleph)001010869FED0100101086920161007d2014----km-y0itay50------baengUSa-------001yyPractical data science with R<nina Zumel, John MountShelter island, NYManning pubblications Co.©2014xxv, 389 p.ill.24 cmLinguaggi di programmazioneRStatistica matematicaElaborazione dei dati005.133Zumel,NinaMount,JohnITUNINARICAUNIMARCBK99001010869040332110 C 653BIBLIODIETI181/2016DINELDINELUNINA05364oam 22012614 450 991097043730332120250426110123.0978661284451597814623587861462358780978145270969714527096969781282844513128284451297814518740371451874030(CKB)3170000000055388(EBL)1605979(SSID)ssj0000949341(PQKBManifestationID)11597094(PQKBTitleCode)TC0000949341(PQKBWorkID)10996013(PQKB)10556357(OCoLC)680613464(MiAaPQ)EBC1605979(IMF)WPIEE2009257(IMF)WPIEA2009257WPIEA2009257(EXLCZ)99317000000005538820020129d2009 uf 0engurcn|||||||||txtccrCountercyclical Macro Prudential Policies in a Supporting Role to Monetary Policy /Papa N'Diaye1st ed.Washington, D.C. :International Monetary Fund,2009.1 online resource (36 p.)IMF Working PapersDescription based upon print version of record.9781451918182 1451918186 Includes bibliographical references.Cover Page; Title Page; Copyright Page; Contents; I. Introduction; II. Overview of the CCA; III. Model Overview; A. Aggregate Demand Equation; B. Inflation; C. Core Inflation-Phillips curve; D. Okun's Law Relationship; E. Labor Income; F. Exchange Rate; G. Monetary Policy Rule; H. Yield Curve and Term Structure; I. Spreads and Balance Sheets; J. Uncertainty; K. Debt Dynamics; L. Financial Regulations; M. Equity; N. The Supply Side; IV. Illustrative Model Simulations; V. Conclusion; References; FootnotesThis paper explores how prudential regulations can support monetary policy in reducing output fluctuations while maintaining financial stability. It uses a new framework that blends a standard model for monetary policy analysis with a contingent claims model of financial sector vulnerabilities. The results suggest that binding countercyclical prudential regulations can help reduce output fluctuations and lessen the risk of financial instability. More specifically, countercyclical rules such as countercyclical capital adequacy rules, can allow monetary authorities to achieve the same output and inflation objectives but with smaller adjustments in interest rates. The countercyclical rules can help stem swings in asset prices, lean against a financial accelerator process, and thereby help to lower risks of macroeconomic and financial instability. In economies with fixed exchange rates, where countercyclical monetary policy is not possible, prudential regulations can provide a useful mechanism for mitigating a run-up in asset prices and for promoting output stability.IMF Working Papers; Working Paper ;No. 2009/257Monetary policyAssets (Accounting)AccountingimfAsset pricesimfAsset valuationimfAsset-liability managementimfBankingimfBanks and BankingimfBanks and bankingimfBanksimfDeflationimfDepository InstitutionsimfFinanceimfFinance, PublicimfFinancial reporting, financial statementsimfFinancial Risk ManagementimfFinancial statementsimfInflationimfInternational Financial MarketsimfMacroeconomicsimfMicro Finance InstitutionsimfMortgagesimfPrice LevelimfPricesimfPublic AdministrationimfPublic Sector Accounting and AuditsimfUnited StatesimfMonetary policy.Assets (Accounting)AccountingAsset pricesAsset valuationAsset-liability managementBankingBanks and BankingBanks and bankingBanksDeflationDepository InstitutionsFinanceFinance, PublicFinancial reporting, financial statementsFinancial Risk ManagementFinancial statementsInflationInternational Financial MarketsMacroeconomicsMicro Finance InstitutionsMortgagesPrice LevelPricesPublic AdministrationPublic Sector Accounting and Audits338.19234N'Diaye Papa1813639International Monetary Fund.DcWaIMFBOOK9910970437303321Countercyclical Macro Prudential Policies in a Supporting Role to Monetary Policy4371495UNINA