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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Format: | eBook |
Language: | English |
Published: |
Washington, D.C.
International Monetary Fund
2016
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Series: | IMF Working Papers
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Collection: | International Monetary Fund - Collection details see MPG.ReNa |
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 |
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Physical Description: | 29 pages |
ISBN: | 9781475522679 |