Macroprudential Policy, Incomplete Information and Inequality : The case of Low-Income and Developing Countries »
Series: IMF Working Papers
Author(s): Margarita Rubio , and Filiz Unsal
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 22 March 2017
Keywords: Credit, Low-income developing countries, Macroprudential Policy, incomplete information, collateral requirements, inequality, Financial Markets and the Macroeconomy, Government Policy and Regulation
In this paper, we use a DSGE model to study the passive and time-varying implementation of macroprudential policy when policymakers have noisy and lagged data, as commonly observed in lowincome and developing count...