Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/262053 
Erscheinungsjahr: 
2022
Schriftenreihe/Nr.: 
Staff Report No. 1003
Verlag: 
Federal Reserve Bank of New York, New York, NY
Zusammenfassung: 
This paper reviews literature on the empirical relationship between vulnerabilities in the financial system and the macroeconomy, and how monetary policy affects that connection. Financial vulnerabilities build up over time, with both risk appetite and risk taking rising during economic expansions. To some extent, financial crises are predictable and have severe real economic consequences when they occur. Empirically it is difficult to link monetary policy to financial vulnerabilities, in part because financial cycles have long durations, making it difficult to separate effects of changes in monetary policy from other business cycle effects.
Schlagwörter: 
monetary policy
financial stability
financial crises
credit
leverage
liquidity
asset prices
JEL: 
E44
E52
E58
G2
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
495.19 kB





Publikationen in EconStor sind urheberrechtlich geschützt.