Informality Frictions and Macroprudential Policy is popular PDF and ePub book, written by Moez Ben Hassine in 2019-11-27, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Informality Frictions and Macroprudential Policy can be Read Online from any device for your convenience.
Informality Frictions and Macroprudential Policy Book PDF Summary
We analyze the effects of macroprudential policies through the lens of an estimated dynamic stochastic general equilibrium (DSGE) model tailored to developing markets. In particular, we explicitly introduce informality in the labor and goods markets within a small open economy embedding financial frictions, nominal and real rigidities, labor search and matching, and an explicit banking sector. We use the estimated version of the model to run welfare analysis under optimized monetary and macroprudential rules. Results show that although informality reduces the efficiency of macroprudential policies following a convex fashion, combining the latter with an inflation targeting objective could be beneficial.
Detail Book of Informality Frictions and Macroprudential Policy PDF
- Author : Moez Ben Hassine
- Release : 27 November 2019
- Publisher : International Monetary Fund
- ISBN : 9781498320856
- Genre : Business & Economics
- Total Page : 37 pages
- Language : English
- PDF File Size : 10,7 Mb
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