We study interactions between monetary and macroprudential policies in a model with nominal and financial frictions. The latter derive from a financial sector t

An integrated analysis of how financial frictions can be accounted for in macroeconomic models built to study monetary policy and macroprudential regulation. Si

This note provides guidance to facilitate the staff’s advice on macroprudential policy in Fund surveillance. It elaborates on the principles set out in the �

This book deals with the challenges of macro financial linkages in the emerging markets.

The volatility of capital flows to emerging markets continues to pose challenges to policymakers. In this paper, we propose a new framework to answer critical p