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

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

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Bibliographic Details
Author / Creator:	Pescatori, Andrea, author, (IMF staff)
Imprint:	[Washington, D.C.] : International Monetary Fund, [2016] ©2016
Description:	1 online resource (29 pages) : color illustrations.
Language:	English
Series:	IMF working paper ; WP/16/73 IMF working paper ; WP/16/73.
Subject:	Monetary policy -- Canada -- Econometric models. Bank loans -- Canada -- Econometric models. Housing -- Prices -- Canada -- Econometric models. Financial risk management -- Canada -- Econometric models. Bank loans -- Econometric models. Housing -- Prices -- Econometric models. Monetary policy -- Econometric models. Canada. Electronic books.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12504840

Hidden Bibliographic Details
Other authors / contributors:	Laséen, Stefan, author, (IMFstaff) International Monetary Fund. Western Hemisphere Department, issuing body.
ISBN:	1475522673 9781475522679
ISSN:	1018-5941
Digital file characteristics:	data file
Notes:	"March 2016." At head of title: "Western Hemisphere Department." Includes bibliographical references (pages 17-19). Online resource; title from pdf title page (IMF.org Web site, viewed March 22, 2016).
Summary:	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.
Standard no.:	10.5089/9781475522679.001

Table of Contents:

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