Incorporating financial sector risk into monetary policy models: application to Chile

This article analyzes whether market-based financial stability indicators (FSIs) should be included in monetary policy models and, if so, how. Since the economy and interest rates affect financial sector credit risk, and the financial sector affects the economy, this article builds a model of financ...

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Autores principales: Gray, Dale, García T., Carlos, Luna B., Leonardo, Restrepo L., Jorge E.
Formato: Artículo
Lenguaje:eng
Publicado: Banco Central de Chile 2019
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Acceso en línea:https://hdl.handle.net/20.500.12580/3761
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