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Macroeconomic Patterns and Monetary Policy in the Run-up to Asset Price Busts / / Alasdair Scott, Pau Rabanal, Prakash Kannan
| Macroeconomic Patterns and Monetary Policy in the Run-up to Asset Price Busts / / Alasdair Scott, Pau Rabanal, Prakash Kannan |
| Autore | Scott Alasdair |
| Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2009 |
| Descrizione fisica | 39 p. : ill |
| Altri autori (Persone) |
RabanalPau
KannanPrakash |
| Collana | IMF Working Papers |
| Soggetto topico |
Assets (Accounting) - Prices
Macroeconomics Monetary policy Exports and Imports Inflation Money and Monetary Policy Real Estate Price Level Deflation Housing Supply and Markets Current Account Adjustment Short-term Capital Movements Monetary Policy, Central Banking, and the Supply of Money and Credit: General Property & real estate International economics Monetary economics Asset prices Housing prices Current account balance Credit Prices Housing Balance of payments |
| ISBN |
1-4623-1741-3
9786612844492 1-4518-7399-9 1-282-84449-0 1-4527-5409-8 |
| Formato | Materiale a stampa  |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Record Nr. | UNINA-9910788223403321 |
Scott Alasdair
|
||
| Washington, D.C. : , : International Monetary Fund, , 2009 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
Macroeconomic Patterns and Monetary Policy in the Run-up to Asset Price Busts / / Alasdair Scott, Pau Rabanal, Prakash Kannan
| Macroeconomic Patterns and Monetary Policy in the Run-up to Asset Price Busts / / Alasdair Scott, Pau Rabanal, Prakash Kannan |
| Autore | Scott Alasdair |
| Edizione | [1st ed.] |
| Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2009 |
| Descrizione fisica | 39 p. : ill |
| Disciplina | 339.53091724 |
| Altri autori (Persone) |
RabanalPau
KannanPrakash |
| Collana | IMF Working Papers |
| Soggetto topico |
Assets (Accounting) - Prices
Macroeconomics Monetary policy Exports and Imports Inflation Money and Monetary Policy Real Estate Price Level Deflation Housing Supply and Markets Current Account Adjustment Short-term Capital Movements Monetary Policy, Central Banking, and the Supply of Money and Credit: General Property & real estate International economics Monetary economics Asset prices Housing prices Current account balance Credit Prices Housing Balance of payments |
| ISBN |
1-4623-1741-3
9786612844492 1-4518-7399-9 1-282-84449-0 1-4527-5409-8 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto | Intro -- Contents -- I. Introduction -- II. Asset Price Busts in the Modern Era -- A. Defining Asset Price Busts -- B. Patterns in macroeconomic Variables in the Run-Up to a Bust -- III. How Good are These Variables as Indicators of Asset Price Busts? -- IV. Macroeconomic Patterns Ahead of the Current Crisis -- A. The Role of Monetary Policy -- V. Conclusion -- References -- Data Appendix -- Tables -- 1. House Price and Stock Price Busts from 1970 to 2008 -- 2. Classification of Observations Based on variable Thresholds -- 3. Percentiles Used as Thresholds for Alarms -- 4. Marginal Probabilities Based on Probit Regressions -- Figures -- 1. Asset Price Busts -- 2. Selected Macroeconomic Variables Before and During House Price Busts -- 3. Selected Macroeconomic Variables Before and During Stock Price Busts -- 4. Selected Macroeconomic Variables Before and During High-Cost and Other House Price Busts, 1985-2008 -- 5. The Probability of an Asset Price Bust -- 6. The Failure of the Indicators to Predict an Asset Price Bust -- 7. Recent Developments in House and Stock Prices -- 8. Warning Signs for Recent House Price Busts -- 9. Macroeconomic Patterns Underlying Recent House Price Booms -- 10. Recent House Price Booms and Household Balance Sheets -- 11. Monetary Conditions Leading up to the Current Crisis -- 12. Inflation and Output for Advnaced Economies in Recent Years -- 13. House Prices and Monetary Conditions -- 14. Stock Prices and Monetary Conditions -- 15. Growth Rate of Nominal Credit Relative to GDP and Real Policy Rates -- 16. Selected Macroeconomic Variables Before and During House Price Busts -- 17. Selected Macroeconomic Variables Before and During Stock Price Busts. |
| Record Nr. | UNINA-9910812447203321 |
|
Scott Alasdair
|
||
| Washington, D.C. : , : International Monetary Fund, , 2009 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
Monetary and Macroprudential Policy Rules in a Model with House Price Booms / / Alasdair Scott, Pau Rabanal, Prakash Kannan
| Monetary and Macroprudential Policy Rules in a Model with House Price Booms / / Alasdair Scott, Pau Rabanal, Prakash Kannan |
| Autore | Scott Alasdair |
| Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2009 |
| Descrizione fisica | 36 p. : ill |
| Altri autori (Persone) |
RabanalPau
KannanPrakash |
| Collana | IMF Working Papers |
| Soggetto topico |
Monetary policy - Econometric models
Inflation (Finance) Assets (Accounting) - Prices Macroeconomics Inflation Money and Monetary Policy Real Estate Production and Operations Management Price Level Deflation Macroeconomics: Production Housing Supply and Markets Monetary Policy, Central Banking, and the Supply of Money and Credit: General Property & real estate Monetary economics Output gap Housing prices Credit Asset prices Prices Production Economic theory Housing |
| ISBN |
1-4623-8905-8
1-282-84448-2 1-4518-7398-0 9786612844485 1-4527-6620-7 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Record Nr. | UNINA-9910788223503321 |
|
Scott Alasdair
|
||
| Washington, D.C. : , : International Monetary Fund, , 2009 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
Monetary and Macroprudential Policy Rules in a Model with House Price Booms / / Alasdair Scott, Pau Rabanal, Prakash Kannan
| Monetary and Macroprudential Policy Rules in a Model with House Price Booms / / Alasdair Scott, Pau Rabanal, Prakash Kannan |
| Autore | Scott Alasdair |
| Edizione | [1st ed.] |
| Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2009 |
| Descrizione fisica | 36 p. : ill |
| Disciplina | 338.2934 |
| Altri autori (Persone) |
RabanalPau
KannanPrakash |
| Collana | IMF Working Papers |
| Soggetto topico |
Monetary policy - Econometric models
Inflation (Finance) Assets (Accounting) - Prices Macroeconomics Inflation Money and Monetary Policy Real Estate Production and Operations Management Price Level Deflation Macroeconomics: Production Housing Supply and Markets Monetary Policy, Central Banking, and the Supply of Money and Credit: General Property & real estate Monetary economics Output gap Housing prices Credit Asset prices Prices Production Economic theory Housing |
| ISBN |
1-4623-8905-8
1-282-84448-2 1-4518-7398-0 9786612844485 1-4527-6620-7 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto | Cover Page -- Title Page -- Copyright Page -- Contents -- I. Introduction -- II. A Model for Analyzing House Price Booms -- A. Households -- A.1 Savers -- A.2 Borrowers -- B. Financial Intermediaries -- C. Producers -- C.1 Final goods producers -- C.2 Intermediate goods producers -- D. Closing the Model: Market Clearing Conditions -- III. Policy Regimes -- IV. Calibration -- 1. Parameter Values -- V. Simulation Results -- A. The Performance of Policy Rules in Reaction to Financial Shocks -- 1. Effect of a Financial Shock -- 2. Parameters of Policy Rules in Reaction to Financial Shocks -- 3. Performance of Policy Rules in Reaction to Financial Shocks -- B. The Performance of Policy Rules in Reaction to Productivity Shocks -- 2. Effect of a Productivity Shock -- 4. Parameters of Policy Rules in Reaction to Productivity Shocks -- 5. Performance of Policy Rules in Reaction to Productivity Shocks -- C. Policy Rules with Multiple Shocks -- 3. Optimal Weight on Nominal Credit in the Macroprudential Rule -- VI. Robustness of the Results -- 6. Sensitivity of Parameters of Policy Rules Optimized to Financial Shocks to Changes in Key Parameters -- 7. Sensitivity of Parameters of Policy Rules Optimized to Productivity Shocks to Changes in Key Parameters Figures -- VII. Conclusions -- Appendix: Linearized Conditions -- References -- Footnotes. |
| Record Nr. | UNINA-9910818985803321 |
|
Scott Alasdair
|
||
| Washington, D.C. : , : International Monetary Fund, , 2009 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||