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|z 9781498320856
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|a 1018-5941
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|a Ben Hassine, Moez.
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|a Informality, Frictions, and Macroprudential Policy /
|c Moez Ben Hassine, Nooman Rebei.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2019.
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|a 1 online resource (37 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a We analyze the effects of macroprudential policies through the lens of an estimated dynamic stochastic general equilibrium (DSGE) model tailored to developing markets. In particular, we explicitly introduce informality in the labor and goods markets within a small open economy embedding financial frictions, nominal and real rigidities, labor search and matching, and an explicit banking sector. We use the estimated version of the model to run welfare analysis under optimized monetary and macroprudential rules. Results show that although informality reduces the efficiency of macroprudential policies following a convex fashion, combining the latter with an inflation targeting objective could be beneficial.
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|a Mode of access: Internet
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|a Rebei, Nooman.
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|a IMF Working Papers; Working Paper ;
|v No. 2019/255
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2019/255/001.2019.issue-255-en.xml
|z IMF e-Library
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