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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) |
KannanPrakash
RabanalPau |
| Collana | IMF Working Papers |
| Soggetto topico |
Assets (Accounting) - Prices
Macroeconomics Monetary policy Asset prices Balance of payments Credit Current Account Adjustment Current account balance Deflation Exports and Imports Housing prices Housing Supply and Markets Housing Inflation International economics Monetary economics Monetary Policy, Central Banking, and the Supply of Money and Credit: General Money and Monetary Policy Price Level Prices Property & real estate Real Estate Short-term Capital Movements |
| 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) |
KannanPrakash
RabanalPau |
| Collana | IMF Working Papers |
| Soggetto topico |
Monetary policy - Econometric models
Inflation (Finance) Assets (Accounting) - Prices Macroeconomics Asset prices Credit Deflation Economic theory Housing prices Housing Supply and Markets Housing Inflation Macroeconomics: Production Monetary economics Monetary Policy, Central Banking, and the Supply of Money and Credit: General Money and Monetary Policy Output gap Price Level Prices Production and Operations Management Production Property & real estate Real Estate |
| 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 | ||
| ||