It takes the average reader 1 hour and 1 minute to read Monetary and Macroprudential Policy in an Estimated DSGE Model of the Euro Area by Mr.Dominic Quint
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In this paper, we study the optimal mix of monetary and macroprudential policies in an estimated two-country model of the euro area. The model includes real, nominal and financial frictions, and hence both monetary and macroprudential policy can play a role. We find that the introduction of a macroprudential rule would help in reducing macroeconomic volatility, improve welfare, and partially substitute for the lack of national monetary policies. Macroprudential policy would always increase the welfare of savers, but their effects on borrowers depend on the shock that hits the economy. In particular, macroprudential policy may entail welfare costs for borrowers under technology shocks, by increasing the countercyclical behavior of lending spreads.
Monetary and Macroprudential Policy in an Estimated DSGE Model of the Euro Area by Mr.Dominic Quint is 61 pages long, and a total of 15,311 words.
This makes it 21% the length of the average book. It also has 19% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes 1 hour and 23 minutes to read Monetary and Macroprudential Policy in an Estimated DSGE Model of the Euro Area aloud.
Monetary and Macroprudential Policy in an Estimated DSGE Model of the Euro Area is suitable for students ages 8 and up.
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