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Financial Stability and Interest-Rate Policy A Quantitative Assessment of Costs and Benefits

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 slo...

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Bibliographic Details
Main Author: Pescatori, Andrea
Other Authors: Laseen, Stefan
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2016
Series:IMF Working Papers
Subjects:
Economic & Financial Crises & Disasters
Interest Rates
Inflation
Credit
Finance
Financial Crises
Financial Sector Stability
Financial Sector Policy And Analysis
Monetary Economics
Financial Services
Policy Designs And Consistency
Deflation
General Financial Markets: Government Policy And Regulation
Monetary Policy, Central Banking, And The Supply Of Money And Credit: General
Money
Price Level
Policy Coordination
Policy Objectives
Banks And Banking
Financial Markets And The Macroeconomy
Financial Services Industry
Prices
Macroeconomics
Banking
Interest Rates: Determination, Term Structure, And Effects
Central Banks And Their Policies
Financial Risk Management
Monetary Policy
Money And Monetary Policy
Finance: General
Central Bank Policy Rate
Canada
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Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
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
Physical Description:29 pages
ISBN:9781475522679

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