LEADER 01263nam--2200421---450- 001 990001742350203316 005 20100729153227.0 010 $a0-521-81655-6 035 $a000174235 035 $aUSA01000174235 035 $a(ALEPH)000174235USA01 035 $a000174235 100 $a20040610d2002----km-y0enga50------ba 101 0 $aeng 102 $aGB 105 $ay---z---001yy 200 1 $a<> health of nations$esociety and law beyond the state$fPhilip Allot 210 $aCambridge$cCambridge University Press$d2002 215 $aXVI, 436 p.$d24 cm 410 0$12001 454 1 $12001 461 1$1001------$12001 606 0 $aSociologia giuridica 606 0 $aIdealismo 676 $a340.115 700 1$aALLOT,$bPhilip$0562830 801 0$aIT$bsalbc$gISBD 912 $a990001742350203316 951 $aXXII.1.C. 828(IG VIII 2 ING 651)$b41689 G.$cXXII.1.C. (IG VIII 2 ING)$d00133979 959 $aBK 969 $aGIU 979 $aMARIA$b10$c20040610$lUSA01$h1128 979 $aIANNONE$b90$c20050513$lUSA01$h1303 979 $aIANNONE$b90$c20050513$lUSA01$h1340 979 $aRSIAV2$b90$c20091006$lUSA01$h1048 979 $aSENATORE$b90$c20100729$lUSA01$h1532 996 $aHealth of nations$9946486 997 $aUNISA LEADER 05364oam 22012614 450 001 9910970437303321 005 20250426110123.0 010 $a9786612844515 010 $a9781462358786 010 $a1462358780 010 $a9781452709697 010 $a1452709696 010 $a9781282844513 010 $a1282844512 010 $a9781451874037 010 $a1451874030 035 $a(CKB)3170000000055388 035 $a(EBL)1605979 035 $a(SSID)ssj0000949341 035 $a(PQKBManifestationID)11597094 035 $a(PQKBTitleCode)TC0000949341 035 $a(PQKBWorkID)10996013 035 $a(PQKB)10556357 035 $a(OCoLC)680613464 035 $a(MiAaPQ)EBC1605979 035 $a(IMF)WPIEE2009257 035 $a(IMF)WPIEA2009257 035 $aWPIEA2009257 035 $a(EXLCZ)993170000000055388 100 $a20020129d2009 uf 0 101 0 $aeng 135 $aurcn||||||||| 181 $ctxt 182 $cc 183 $acr 200 10$aCountercyclical Macro Prudential Policies in a Supporting Role to Monetary Policy /$fPapa N'Diaye 205 $a1st ed. 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2009. 215 $a1 online resource (36 p.) 225 1 $aIMF Working Papers 300 $aDescription based upon print version of record. 311 08$a9781451918182 311 08$a1451918186 320 $aIncludes bibliographical references. 327 $aCover 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; Footnotes 330 3 $aThis paper explores how prudential regulations can support monetary policy in reducing output fluctuations while maintaining financial stability. It uses a new framework that blends a standard model for monetary policy analysis with a contingent claims model of financial sector vulnerabilities. The results suggest that binding countercyclical prudential regulations can help reduce output fluctuations and lessen the risk of financial instability. More specifically, countercyclical rules such as countercyclical capital adequacy rules, can allow monetary authorities to achieve the same output and inflation objectives but with smaller adjustments in interest rates. The countercyclical rules can help stem swings in asset prices, lean against a financial accelerator process, and thereby help to lower risks of macroeconomic and financial instability. In economies with fixed exchange rates, where countercyclical monetary policy is not possible, prudential regulations can provide a useful mechanism for mitigating a run-up in asset prices and for promoting output stability. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2009/257 606 $aMonetary policy 606 $aAssets (Accounting) 606 $aAccounting$2imf 606 $aAsset prices$2imf 606 $aAsset valuation$2imf 606 $aAsset-liability management$2imf 606 $aBanking$2imf 606 $aBanks and Banking$2imf 606 $aBanks and banking$2imf 606 $aBanks$2imf 606 $aDeflation$2imf 606 $aDepository Institutions$2imf 606 $aFinance$2imf 606 $aFinance, Public$2imf 606 $aFinancial reporting, financial statements$2imf 606 $aFinancial Risk Management$2imf 606 $aFinancial statements$2imf 606 $aInflation$2imf 606 $aInternational Financial Markets$2imf 606 $aMacroeconomics$2imf 606 $aMicro Finance Institutions$2imf 606 $aMortgages$2imf 606 $aPrice Level$2imf 606 $aPrices$2imf 606 $aPublic Administration$2imf 606 $aPublic Sector Accounting and Audits$2imf 607 $aUnited States$2imf 615 0$aMonetary policy. 615 0$aAssets (Accounting) 615 7$aAccounting 615 7$aAsset prices 615 7$aAsset valuation 615 7$aAsset-liability management 615 7$aBanking 615 7$aBanks and Banking 615 7$aBanks and banking 615 7$aBanks 615 7$aDeflation 615 7$aDepository Institutions 615 7$aFinance 615 7$aFinance, Public 615 7$aFinancial reporting, financial statements 615 7$aFinancial Risk Management 615 7$aFinancial statements 615 7$aInflation 615 7$aInternational Financial Markets 615 7$aMacroeconomics 615 7$aMicro Finance Institutions 615 7$aMortgages 615 7$aPrice Level 615 7$aPrices 615 7$aPublic Administration 615 7$aPublic Sector Accounting and Audits 676 $a338.19234 700 $aN'Diaye$b Papa$01813639 712 02$aInternational Monetary Fund. 801 0$bDcWaIMF 906 $aBOOK 912 $a9910970437303321 996 $aCountercyclical Macro Prudential Policies in a Supporting Role to Monetary Policy$94371495 997 $aUNINA