Monetary and macroprudential policies in a model with housing

Arehone Praise Matambele and Simiso Msomi

No wp-2026-77, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: The coordination of monetary and macroprudential policies in stabilizing housing market shocks continues to be a critical unresolved debate. This leaves Africa's high-debt emerging markets vulnerable to systemic risks and housing wealth volatility. There is a growing body of literature exploring new policy instruments that could be more effective in achieving financial stability. This need for efficiency and the correct macroprudential instrument underpins this study, which focuses on testing the joint use of two macroprudential instruments alongside monetary policy.

Keywords: Monetary policy; Housing; Dynamic stochastic general equilibrium model (search for similar items in EconPapers)
Date: 2026
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.wider.unu.edu/sites/default/files/Publ ... es-model-housing.pdf (application/pdf)

Related works:
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:unu:wpaper:wp-2026-77

Access Statistics for this paper

More papers in WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER) Contact information at EDIRC.
Bibliographic data for series maintained by Siméon Rapin ().