In this paper, we analyze the implications of macroprudential and monetary policies for
business cycles, welfare, and financial stability. We consider a dynamic stochastic general …

In the aftermath of the global financial crisis, there is consensus on the need for
macroprudential policies to promote financial stability. However, the optimal way to …

This article presents an integrated vision of the context of the residential real estate market in
Portugal. It analyses the evolution of several macroeconomic indicators during the last …

The performance of alternative institutional mandates in achieving macroeconomic and
financial stability is studied in a model with financial frictions and reserve requirements as …

Slow global economic growth, frequent fluctuations in international financial markets, and
increasing wealth disparity have become common concerns facing the globe. Risk …

In this paper, we study the implications of macroprudential policies in a monetary union for
macroeconomic and financial stability. For this purpose, we develop a two-country monetary …

This article develops a two-country monetary union new Keynesian general equilibrium
model with housing and collateral constraints calibrated for Lithuania and the rest of the …

We investigate what determines China's housing price dynamics using a DSGE‐VAR
estimated with priors allowing for the featured operating of normal and “shadow” banks in …

Purpose This study aims to build a two-country monetary union dynamic stochastic general
equilibrium (DSGE) model with housing to assess how different shocks contributed to the …

This paper studies the conduct of macroprudential policies in a monetary union with
heterogeneous members, both from a positive and a normative perspective. I develop a two …