Mitigating the Deadly Embrace in Financial Cycles

Mitigating the Deadly Embrace in Financial Cycles
Author: Mr.Jaromir Benes
Publisher: International Monetary Fund
Total Pages: 26
Release: 2016-04-12
Genre: Business & Economics
ISBN: 1484330498


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This paper presents a new version of MAPMOD (Mark II) to study the effectiveness of macroprudential regulations. We extend the original model by explicitly modeling the housing market. We show how household demand for housing, house prices, and bank mortgages are intertwined in what we call a deadly embrace. Without macroprudential policies, this deadly embrace naturally leads to housing boom and bust cycles, which can be very costly for the economy, as shown by the Global Financial Crisis of 2008-09.


Mitigating the Deadly Embrace in Financial Cycles
Language: en
Pages: 26
Authors: Mr.Jaromir Benes
Categories: Business & Economics
Type: BOOK - Published: 2016-04-12 - Publisher: International Monetary Fund

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This paper presents a new version of MAPMOD (Mark II) to study the effectiveness of macroprudential regulations. We extend the original model by explicitly mode
Global Economic Modeling: A Volume In Honor Of Lawrence R Klein
Language: en
Pages: 345
Authors: Peter Pauly
Categories: Business & Economics
Type: BOOK - Published: 2018-04-25 - Publisher: World Scientific

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Global econometric models have a long history. From the early 1970s to the present, as modeling techniques have advanced, different modeling paradigms have emer
The Routledge Handbook of Housing Economics
Language: en
Pages: 351
Authors: Kenneth Gibb
Categories: Architecture
Type: BOOK - Published: 2024-02-29 - Publisher: Taylor & Francis

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The Routledge Handbook of Housing Economics brings together an international panel of contributors to present a comprehensive overview of this important field w
Globalisation of Corporate Social Responsibility and its Impact on Corporate Governance
Language: en
Pages: 250
Authors: Jean J. du Plessis
Categories: Law
Type: BOOK - Published: 2018-02-01 - Publisher: Springer

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This book addresses the increasing overlap between Corporate Social Responsibility (CSR) and law with a particular focus on company law and corporate governance
Advancing the Frontiers of Monetary Policy
Language: en
Pages: 297
Authors: Tobias Adrian
Categories: Business & Economics
Type: BOOK - Published: 2018-04-13 - Publisher: International Monetary Fund

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Inflation-forecast targeting is state of the art for monetary policy. This book explores first principles, including managing short-term policy trade-offs. The