Can Reforms Promoting Growth Increase Financial Fragility? OECD (2016-11-29)
Certain growth-promoting policies can have negative side-effects by increasing the vulnerability of economies to financial crises. Typical examples are greater openness to financial flows or more liberalised financial markets. Thi .. more |
Macroprudential Policy: Promise and Challenges NBER (2016-11-29)
Macroprudential policy holds the promise of becoming a powerful tool for preventing financial crises. Financial amplification in response to domestic shocks or global spillovers and pecuniary externalities caused by Fisherian coll .. more |
TIPS: The Trend Inflation Projection System and Estimation Results Bank of Japan (2016-11-29)
In practice, trend inflation is often defined as a common factor extracted from observed inflation rates by removing cyclical effects from business cycles as well as other transitory distortions. Trend inflation can also be interp .. more |