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Macroprudential Policy with Leakages

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NBER2018-09-01 更新2025-01-04 收录
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https://www.nber.org/papers/w25048
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资源简介:
The outreach of macroprudential policies is likely limited in practice by imperfect regulation enforcement, whether due to shadow banking, regulatory arbitrage, or other regulation circumvention schemes. We study how such concerns affect the design of optimal regulatory policy in a workhorse model
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2018-09-01
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