Series: IMF Working Papers
Author(s): Juan Pablo Medina Guzman , and Jorge Roldos
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 12 February 2014
Keywords: Welfare Analysis, inflation, reserve requirement, inflation targeting, Financial Markets and the Macroeconomy, Monetary Policy (Targets, Instruments, and Effects), Open Economy Macroeconomics, Welfare Analysis.,
We study interactions between monetary and macroprudential policies in a model with nominal and financial frictions. The latter derive from a financial sector that provides credit and liquidity services that lead t...