Financial stability and interest-rate policy : a quantitative assessment of costs and benefits /

Should monetary policy use its short-term policy rate to stabilize the growth in household credit and housing prices with the aim of promoting financial stability? We ask this question for the case of Canada. We find that to a first approximation, the answer is no- especially when the economy is slo...

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Bibliographic Details
Main Authors: Pescatori, Andrea (Author, (IMF staff)), Laséen, Stefan ((IMFstaff))
Other Authors: Laseen, Stefan
Format: Book
Language:English
Published: Washington, D.C. : International Monetary Fund, 2016
[Washington, D.C.] : [2016]
Series:IMF Working Papers
IMF Working Papers; Working Paper ; No. 2016/073
IMF eLibrary
IMF working paper ; WP/16/73
Subjects:
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100 1 |a Pescatori, Andrea,  |e author,  |e (IMF staff) 
245 1 0 |a Financial stability and interest-rate policy :  |b a quantitative assessment of costs and benefits /  |c prepared by Andrea Pescatori and Stefan Laseen 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2016 
264 1 |a [Washington, D.C.] :  |b International Monetary Fund,  |c [2016] 
264 4 |c ©2016 
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500 |a Part of the IMF eLibrary collection 
500 |a "March 2016." 
504 |a Includes bibliographical references (pages 17-19) 
504 |a Includes bibliographical references 
505 0 |a Cover; Financial Stability and Interest-Rate Policy: A Quantitative Assessment of Costs and Benefits; Abstract; 1 Introduction; 2 Predicting Financial Crises; 3 The Effectiveness of the Interest Rate as a Policy Instrument; 4 Evaluating the Policy Tradeoffs; 5 Conclusion; References; 6 Appendix 
506 |a Restricted for use by site license 
506 |a Restricted for use by site license.  
520 3 |a Should monetary policy use its short-term policy rate to stabilize the growth in household credit and housing prices with the aim of promoting financial stability? We ask this question for the case of Canada. We find that to a first approximation, the answer is no- especially when the economy is slowing down 
520 3 |a Should monetary policy use its short-term policy rate to stabilize the growth in household credit and housing prices with the aim of promoting financial stability? We ask this question for the case of Canada. We find that to a first approximation, the answer is no-- especially when the economy is slowing down.--Abstract 
520 3 |a Should monetary policy use its short-term policy rate to stabilize the growth in household credit and housing prices with the aim of promoting financial stability? We ask this question for the case of Canada. We find that to a first approximation, the answer is no— especially when the economy is slowing down 
588 |a Description based on online resource; title from PDF title page (ebrary, viewed October 19, 2016) 
588 |a Description based on print version record 
588 0 |a Online resource; title from pdf title page (IMF.org Web site, viewed March 22, 2016) 
650 0 |a Bank loans  |z Canada  |x Econometric models 
650 0 |a Financial risk management  |z Canada  |x Econometric models 
650 0 |a Housing  |x Prices  |z Canada  |x Econometric models 
650 0 |a Monetary policy  |z Canada  |x Econometric models 
650 0 |a Monetary policy  |z Canada 
650 6 |a Finances  |x Gestion du risque  |z Canada  |x Modèles économétriques 
650 6 |a Logement  |x Prix  |z Canada  |x Modèles économétriques 
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700 1 |a Laséen, Stefan 
700 1 |a Laséen, Stefan,  |e author,  |e (IMFstaff) 
700 1 |a Pescatori, Andrea 
710 2 |a International Monetary Fund  |b Western Hemisphere Department,  |e issuing body. 
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