Is Optimal Capital-Control Policy Countercyclical In Open-Economy Models With Collateral Constraints?
收藏NBER2016-08-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w22481
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资源简介：
This paper contributes to a literature that studies optimal capital control policy in open economy models with pecuniary externalities due to flow collateral constraints. It shows that the optimal policy calls for capital controls to be lowered during booms and to be increased during recessions.
提供机构：
美国国家经济研究局
创建时间：
2016-08-01
