Monetary policy and the financial sector

Aarti Singh, Sophie Stone and Jacek Suda

Economics Letters, 2015, vol. 132, issue C, 82-86

Abstract: In this paper we study whether central banks should react to financial sector variables in their policy rules. We find that responding to asset prices does not affect the determinacy conditions. However, responding to entrepreneurial net worth increases the likelihood of determinacy.

Keywords: Monetary policy; Determinacy; Financial sector; Asset prices (search for similar items in EconPapers)
JEL-codes: E44 E52 E58 (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0165176515001755
Full text for ScienceDirect subscribers only

Related works:
Working Paper: Monetary Policy and the Financial Sector (2015)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:132:y:2015:i:c:p:82-86

DOI: 10.1016/j.econlet.2015.04.024

Access Statistics for this article

Economics Letters is currently edited by Economics Letters Editorial Office

More articles in Economics Letters from Elsevier
Bibliographic data for series maintained by Catherine Liu ().