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100   $a20020129d2009      uf             0
101 0 $aeng
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181   $ctxt
182   $cc
183   $acr
200 10$aMonetary and Macroprudential Policy Rules in a Model with House Price Booms /$fAlasdair Scott, Pau Rabanal, Prakash Kannan
210  1$aWashington, D.C. :$cInternational Monetary Fund,$d2009.
215   $a36 p. $cill
225 1 $aIMF Working Papers
300   $a"November 2009."
311   $a1-4519-1812-7 
330 3 $aWe argue that a stronger emphasis on macrofinancial risk could provide stabilization benefits. Simulations results suggest that strong monetary reactions to accelerator mechanisms that push up credit growth and asset prices could help macroeconomic stability. In addition, using a macroprudential instrument designed specifically to dampen credit market cycles would also be useful. But invariant and rigid policy responses raise the risk of policy errors that could lower, not raise, macroeconomic stability. Hence, discretion would be required.
410  0$aIMF Working Papers; Working Paper ;$vNo. 2009/251
606   $aMonetary policy$xEconometric models
606   $aInflation (Finance)
606   $aAssets (Accounting)$xPrices
606   $aMacroeconomics
606   $aInflation$2imf
606   $aMacroeconomics$2imf
606   $aMoney and Monetary Policy$2imf
606   $aReal Estate$2imf
606   $aProduction and Operations Management$2imf
606   $aPrice Level$2imf
606   $aDeflation$2imf
606   $aMacroeconomics: Production$2imf
606   $aHousing Supply and Markets$2imf
606   $aMonetary Policy, Central Banking, and the Supply of Money and Credit: General$2imf
606   $aProperty & real estate$2imf
606   $aMonetary economics$2imf
606   $aOutput gap$2imf
606   $aHousing prices$2imf
606   $aCredit$2imf
606   $aAsset prices$2imf
606   $aPrices$2imf
606   $aProduction$2imf
606   $aEconomic theory$2imf
606   $aHousing$2imf
615  0$aMonetary policy$xEconometric models.
615  0$aInflation (Finance)
615  0$aAssets (Accounting)$xPrices.
615  0$aMacroeconomics.
615  7$aInflation
615  7$aMacroeconomics
615  7$aMoney and Monetary Policy
615  7$aReal Estate
615  7$aProduction and Operations Management
615  7$aPrice Level
615  7$aDeflation
615  7$aMacroeconomics: Production
615  7$aHousing Supply and Markets
615  7$aMonetary Policy, Central Banking, and the Supply of Money and Credit: General
615  7$aProperty & real estate
615  7$aMonetary economics
615  7$aOutput gap
615  7$aHousing prices
615  7$aCredit
615  7$aAsset prices
615  7$aPrices
615  7$aProduction
615  7$aEconomic theory
615  7$aHousing
700   $aScott$b Alasdair$01472721
701   $aRabanal$b Pau$01509574
701   $aKannan$b Prakash$01493479
712 02$aInternational Monetary Fund.$bResearch Dept.
801  0$bDcWaIMF
906   $aBOOK
912   $a9910788223503321
996   $aMonetary and Macroprudential Policy Rules in a Model with House Price Booms$93741539
997   $aUNINA