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Cost-Benefit Analysis of Leaning Against the Wind

Cost-Benefit Analysis of Leaning Against the Wind »

Source: Cost-Benefit Analysis of Leaning Against the Wind

Volume/Issue: 2016/3

Series: IMF Working Papers

Author(s): Lars Svensson

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 January 2016

ISBN: 9781498314787

Keywords: macroprudential policy, unemployment, unemployment rate, debt, marginal cost, benchmark, Monetary Policy (Targets, Instruments, and Effects), All Countries

“Leaning against the wind” (LAW) with a higher monetary policy interest rate may have benefits in terms of lower real debt growth and associated lower probability of a financial crisis but has costs in terms of hig...

Cost-Benefit Analysis of Leaning Against the Wind

Cost-Benefit Analysis of Leaning Against the Wind »

Volume/Issue: 2016/3

Series: IMF Working Papers

Author(s): Lars Svensson

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 January 2016

DOI: http://dx.doi.org/10.5089/9781498314787.001

ISBN: 9781498314787

Keywords: macroprudential policy, unemployment, unemployment rate, debt, marginal cost, benchmark, Monetary Policy (Targets, Instruments, and Effects), All Countries

“Leaning against the wind” (LAW) with a higher monetary policy interest rate may have benefits in terms of lower real debt growth and associated lower probability of a financial crisis but has costs in terms of hig...

Mitigating the Social Costs of the Economic Crisis and the Reform Programs in Asia

Mitigating the Social Costs of the Economic Crisis and the Reform Programs in Asia »

Source: International Economic Policy Review, Volume 1

Series: International Economic Policy Review

Author(s): Paul Masson , Timothy Lane , and Padma Gotur

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 September 1999

ISBN: 9781557758644

Keywords: debt, inflation, recapitalization, interest, central bank

Author’s E-Mail Adress: sgupta@imf.org I. Introduction The purpose of this paper is to (1) carry out a preliminary analysis of the likely impact of the economic cr...