Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/210128 
Year of Publication: 
2017
Series/Report no.: 
Working Paper No. 18/2017
Publisher: 
Norges Bank, Oslo
Abstract: 
The paper provides a simple analytical framework for analyzing the interplay between monetary policy and macroprudential policy. Three questions are analyzed: (i) Under which assumptions is coordination necessary to implement an optimal policy mix? (ii) Are the two policy instruments substitutes or complements, i.e. should they move in opposite or the same direction as response to a shock? (iii) Can "leaning against the wind" in monetary policy lead to a negative inflation bias?
Subjects: 
monetary policy
macroprudential policy
coordination
JEL: 
E52
E58
E61
Persistent Identifier of the first edition: 
ISBN: 
978-82-8379-001-6
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Working Paper
Appears in Collections:

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.