Are Collateral-Constraint Models Ready for Macroprudential Policy Design?
收藏NBER2021-09-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w29204
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资源简介：
We study the design of macroprudential policies based on quantitative collateral-constraint models. We show that the desirability of macroprudential policies critically depends on the specific form of collateral used in debt contracts: While inefficiencies arise when current prices affect collateral
提供机构：
美国国家经济研究局
创建时间：
2021-09-01
