Monetary policy and financial stability: transmission mechanisms and policy implications

The global financial crisis that broke out 10 years ago uncovered the buildup of risks during a period of price and output stability. It challenged the previous consensus that preserving price stability was the optimal way to ensure financial stability, and led to a surge of interest in the multiple...

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Otros Autores:	Aguirre R., Álvaro
Formato:	Libro
Lenguaje:	eng
Publicado:	Banco Central de Chile 2019
Materias:	POLÍTICA MONETARIA ESTABILIDAD ECONÓMICA BANCOS CENTRALES CONTROL DE PRECIOS
Acceso en línea:	https://hdl.handle.net/20.500.12580/1629
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spelling	oai-20.500.12580-16292021-04-24T05:01:13Z Monetary policy and financial stability: transmission mechanisms and policy implications Aguirre R., Álvaro Brunnermeier, Markus Konrad Saravia, Diego POLÍTICA MONETARIA ESTABILIDAD ECONÓMICA BANCOS CENTRALES CONTROL DE PRECIOS The global financial crisis that broke out 10 years ago uncovered the buildup of risks during a period of price and output stability. It challenged the previous consensus that preserving price stability was the optimal way to ensure financial stability, and led to a surge of interest in the multiple interactions between monetary policy frameworks, financial vulnerabilities and financial stability. This volume contributes to the study of these issues as well as the convenience of incorporating financial stability considerations in monetary policy frameworks, bringing together a multinational group of distinguished scholars to discuss the latest research findings. It is of utmost importance to understand how monetary policy affects both financial conditions and financial vulnerabilities that amplify negative shocks, as well as the potential intertemporal policy trade-off between improving current conditions and exacerbating future financial vulnerabilities. Monetary Policy and Financial Stability: Transmission Mechanisms and Policy Implications – An Overview / Álvaro Aguirre, Markus Brunnermeier, and Diego Saravia -- Negative Interest Rates: Lessons from the Euro Area / Jens Eisenschmidt and Frank Smets -- Central Banks Going Long / Ricardo Reis -- Capital Flows, Macroprudential Policies and Capital Controls / Álvaro Aguirre, Sofía Bauducco, and Diego Saravia -- A Global Safe Asset for and from Emerging Market Economies / Markus K. Brunnermeier and Lunyang Huang -- Capital Flow Management with Multiple Instruments / Viral V. Acharya and Arvind Krishnamurthy -- Foreign Exchange Intervention Redux / Roberto Chang -- Interest Rate Policies, Banking and the Macroeconomy / Vincenzo Quadrini -- The Relation between Monetary Policy and Financial-Stability Policy / Lars E.O. Svensson -- Monetary Policy in the Grip of a Pincer Movement / Claudio Borio, Piti Disyatat, Mikael Juselius, and Phurichai Rungcharoenkitkul. 2019-11-01T00:08:32Z 2019-11-01T00:08:32Z 2019 Libro 978-956-7421-60-2 978-956-7421-61-9 (pdf) https://hdl.handle.net/20.500.12580/1629 eng Series on Central Banking, Analysis, and Economic Policies, no. 26 Serie Banca Central, análisis y políticas económicas, no. 26 Attribution-NonCommercial-NoDerivs 3.0 Chile http://creativecommons.org/licenses/by-nc-nd/3.0/cl/ .pdf Documento Completo 356 p. application/pdf Banco Central de Chile
institution	Banco Central
collection	Banco Central
language	eng
topic	POLÍTICA MONETARIA ESTABILIDAD ECONÓMICA BANCOS CENTRALES CONTROL DE PRECIOS
spellingShingle	POLÍTICA MONETARIA ESTABILIDAD ECONÓMICA BANCOS CENTRALES CONTROL DE PRECIOS Monetary policy and financial stability: transmission mechanisms and policy implications
description	The global financial crisis that broke out 10 years ago uncovered the buildup of risks during a period of price and output stability. It challenged the previous consensus that preserving price stability was the optimal way to ensure financial stability, and led to a surge of interest in the multiple interactions between monetary policy frameworks, financial vulnerabilities and financial stability. This volume contributes to the study of these issues as well as the convenience of incorporating financial stability considerations in monetary policy frameworks, bringing together a multinational group of distinguished scholars to discuss the latest research findings. It is of utmost importance to understand how monetary policy affects both financial conditions and financial vulnerabilities that amplify negative shocks, as well as the potential intertemporal policy trade-off between improving current conditions and exacerbating future financial vulnerabilities.
author2	Aguirre R., Álvaro
author_facet	Aguirre R., Álvaro
format	Libro
title	Monetary policy and financial stability: transmission mechanisms and policy implications
title_short	Monetary policy and financial stability: transmission mechanisms and policy implications
title_full	Monetary policy and financial stability: transmission mechanisms and policy implications
title_fullStr	Monetary policy and financial stability: transmission mechanisms and policy implications
title_full_unstemmed	Monetary policy and financial stability: transmission mechanisms and policy implications
title_sort	monetary policy and financial stability: transmission mechanisms and policy implications
publisher	Banco Central de Chile
publishDate	2019
url	https://hdl.handle.net/20.500.12580/1629
_version_	1718347009059979264

Monetary policy and financial stability: transmission mechanisms and policy implications

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