Monetary Policy and Macroprudential Regulation with Financial Frictions

2. Auflage 2025
ISBN: 978-3-032-01672-0
Verlag: Springer

Buch, Englisch, 642 Seiten, Format (B × H): 160 mm x 241 mm, Gewicht: 1166 g

This book comprehensively studies the critical role that financial frictions, and credit market imperfections in particular, play in macroeconomic models, and how they affect the effectiveness of monetary and macroprudential policies. To that effect, the book offers numerous insights into the specification and use of these models, ranging from static to dynamic stochastic general equilibrium (DSGE) and endogenous growth models. Through a blend of theoretical insights and practical applications, readers will also learn to analyze how monetary and macroprudential policies interact, and how they can be used jointly to promote macro-financial stability and contribute to social welfare.

Updated with the latest developments, this edition provides fresh perspectives on a range of topics, including international macroprudential policy coordination. Addressing a broad audience of researchers, professional macroeconomists, graduate and advanced undergraduate students, this book equips readers with the technical foundations and policy insights necessary for a deep understanding of the role of monetary policy and financial regulation.

Zielgruppe

Graduate

Autoren/Hrsg.

Agénor, Pierre-Richard

Fachgebiete

• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Wirtschaftswachstum
• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Finanzsektor & Finanzdienstleistungen: Allgemeines
• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Geldwirtschaft, Währungspolitik
• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Makroökonomie
• Wirtschaftswissenschaften Volkswirtschaftslehre Internationale Wirtschaft
• Wirtschaftswissenschaften Volkswirtschaftslehre Wirtschaftspolitik, politische Ökonomie

Inhaltsverzeichnis

Chapter 1. Financial Systems, Financial Frictions, and Macroeconomic Models.- Chapter 2. A Simple Closed-Economy Model with Financial Frictions.- Chapter 3. A Simple Open-Economy Model with Financial Frictions.- Chapter 4. A Core DSGE Model with Financial Frictions.- Chapter 5. Countercyclical Policy Rules and Optimal Policy.- Chapter 6. Capital Requirements and Monetary Policy.- Chapter 7. An Open-Economy DSGE Model with Financial Frictions.- Chapter 8. Policy Responses to External Shocks.- Chapter 9. International Macroprudential Policy Coordination.- Chapter 10. Macroprudential Regulation and Economic Growth.- Chapter 11. Some Research Perspectives.

Über Autor(innen)

Pierre-Richard Agénor is the Hallsworth Professor of International Macroeconomics and Development Economics at the University of Manchester, United Kingdom. He has published numerous articles in leading professional journals and made contributions to a wide range of fields and topics in economics, including international macroeconomics, development economics, growth theory, labor economics, financial regulation, gender equality, and poverty reduction. He is the author of several books, including The Economics of Adjustment and Growth (Harvard University Press), Public Capital, Growth and Welfare (Princeton University Press), and Development Macroeconomics (with P. J. Montiel, Princeton University Press).