The Benefits of International Policy Coordination Revisited is popular PDF and ePub book, written by Mr.Jaromir Benes in 2013-12-23, 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, The Benefits of International Policy Coordination Revisited can be Read Online from any device for your convenience.
The Benefits of International Policy Coordination Revisited Book PDF Summary
This paper uses two of the IMF’s DSGE models to simulate the benefits of international fiscal and macroprudential policy coordination. The key argument is that these two policies are similar in that, unlike monetary policy, they have long-run effects on the level of GDP that need to be traded off with short-run effects on the volatility of GDP. Furthermore, the short-run effects are potentially much larger than those of conventional monetary policy, especially in the presence of nonlinearities such as the zero interest rate floor, minimum capital adequacy regulations, and lending risk that depends in a convex fashion on loan-to-value ratios. As a consequence we find that coordinated fiscal and/or macroprudential policy measures can have much larger stimulus and spillover effects than what has traditionally been found in the literature on conventional monetary policy.
Detail Book of The Benefits of International Policy Coordination Revisited PDF
- Author : Mr.Jaromir Benes
- Release : 23 December 2013
- Publisher : International Monetary Fund
- ISBN : 9781475551891
- Genre : Business & Economics
- Total Page : 53 pages
- Language : English
- PDF File Size : 7,8 Mb
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