國立高雄大學圖資館 |

Language: English

Back

Monetary policy and macroprudential regulation with financial frictions

Record Type:	Electronic resources : Monograph/item
Title/Author:	Monetary policy and macroprudential regulation with financial frictionsby Pierre-Richard Agénor.
Author:	Agénor, Pierre-Richard.
Published:	Cham :Springer Nature Switzerland :2025.
Description:	xxxi, 642 p. :ill., digital ;24 cm.
Contained By:	Springer Nature eBook
Subject:	Monetary policyEconometric models.
Online resource:	https://doi.org/10.1007/978-3-032-01673-7
ISBN:	9783032016737$q(electronic bk.)

Monetary policy and macroprudential regulation with financial frictions
Agénor, Pierre-Richard.

Monetary policy and macroprudential regulation with financial frictions[electronic resource] /by Pierre-Richard Agénor. - Second edition. - Cham :Springer Nature Switzerland :2025. - xxxi, 642 p. :ill., digital ;24 cm.

Chapter 1. Financial Systems, Financial Frictions, and Macroeconomic Models -- Chapter 2. A Simple Closed-Economy Model with Financial Frictions -- Chapter 3. A Simple Open-Economy Model with Financial Frictions -- Chapter 4. A Core DSGE Model with Financial Frictions -- Chapter 5. Countercyclical Policy Rules and Optimal Policy -- Chapter 6. Capital Requirements and Monetary Policy -- Chapter 7. An Open-Economy DSGE Model with Financial Frictions -- Chapter 8. Policy Responses to External Shocks -- Chapter 9. International Macroprudential Policy Coordination -- Chapter 10. Macroprudential Regulation and Economic Growth -- Chapter 11. Some Research Perspectives.

This book comprehensively studies the critical role that financial frictions, and credit market imperfections in particular, play in macroeconomic models, and how they affect the effectiveness of monetary and macroprudential policies. To that effect, the book offers numerous insights into the specification and use of these models, ranging from static to dynamic stochastic general equilibrium (DSGE) and endogenous growth models. Through a blend of theoretical insights and practical applications, readers will also learn to analyze how monetary and macroprudential policies interact, and how they can be used jointly to promote macro-financial stability and contribute to social welfare. Updated with the latest developments, this edition provides fresh perspectives on a range of topics, including international macroprudential policy coordination. Addressing a broad audience of researchers, professional macroeconomists, graduate and advanced undergraduate students, this book equips readers with the technical foundations and policy insights necessary for a deep understanding of the role of monetary policy and financial regulation. This is a treatise/textbook that the profession badly needs. It focuses on financial frictions and burning issues of the day. It will be especially valuable for graduate students who are keen on making their marks on this challenging field. Guillermo A. Calvo, Professor of International and Public Affairs, Columbia University; former Chief Economist at the Inter-American Development Bank; and author of Macroeconomics in Times of Liquidity Crises Pierre-Richard Agénor has produced the most complete and comprehensive treatment of the effects of macroprudential policies in a general-equilibrium context of which I am aware. The beauty of this book is that it explores that role in a sequence of models ranging from simple closed-economy reduced-form versions to state-of-the-art open-economy DSGEs with financial frictions, each lucidly developed and intuitively explained. This innovative approach makes the general-equilibrium effects of a variety of macroprudential policy instruments transparent and easy to understand. Agénor's book is likely to become a standard reference in the literature on macro-financial linkages and regulatory policies intended to avoid aggregate financial fragility. It belongs on the bookshelf of any student or researcher concerned with these topics. Peter J. Montiel, Professor of Economics, Williams College.

ISBN: 9783032016737$q(electronic bk.)

Standard No.: 10.1007/978-3-032-01673-7doiSubjects--Topical Terms:

266607
Monetary policy
--Econometric models.

LC Class. No.: HB172.5

Dewey Class. No.: 339.53

Monetary policy and macroprudential regulation with financial frictions
LDR:04189nmm a2200337 a 4500 001 691658
003 DE-He213
005 20251212114958.0
006 m d
007 cr nn 008maaau
008 260527s2025 sz s 0 eng d
020 $a 9783032016737$q(electronic bk.)
020 $a 9783032016720$q(paper)
024 7 $a 10.1007/978-3-032-01673-7 $2 doi
035 $a 978-3-032-01673-7
040 $a GP $c GP
041 0 $a eng
050 4 $a HB172.5
072 7 $a KCB $2 bicssc
072 7 $a BUS039000 $2 bisacsh
072 7 $a KCB $2 thema
082 0 4 $a 339.53 $2 23
090 $a HB172.5 $b .A265 2025
100 1 $a Agénor, Pierre-Richard. $3 404160
245 1 0 $a Monetary policy and macroprudential regulation with financial frictions $h [electronic resource] / $c by Pierre-Richard Agénor.
250 $a Second edition.
260 $a Cham : $b Springer Nature Switzerland : $b Imprint: Springer, $c 2025.
300 $a xxxi, 642 p. : $b ill., digital ; $c 24 cm.
505 0 $a Chapter 1. Financial Systems, Financial Frictions, and Macroeconomic Models -- Chapter 2. A Simple Closed-Economy Model with Financial Frictions -- Chapter 3. A Simple Open-Economy Model with Financial Frictions -- Chapter 4. A Core DSGE Model with Financial Frictions -- Chapter 5. Countercyclical Policy Rules and Optimal Policy -- Chapter 6. Capital Requirements and Monetary Policy -- Chapter 7. An Open-Economy DSGE Model with Financial Frictions -- Chapter 8. Policy Responses to External Shocks -- Chapter 9. International Macroprudential Policy Coordination -- Chapter 10. Macroprudential Regulation and Economic Growth -- Chapter 11. Some Research Perspectives.
520 $a This book comprehensively studies the critical role that financial frictions, and credit market imperfections in particular, play in macroeconomic models, and how they affect the effectiveness of monetary and macroprudential policies. To that effect, the book offers numerous insights into the specification and use of these models, ranging from static to dynamic stochastic general equilibrium (DSGE) and endogenous growth models. Through a blend of theoretical insights and practical applications, readers will also learn to analyze how monetary and macroprudential policies interact, and how they can be used jointly to promote macro-financial stability and contribute to social welfare. Updated with the latest developments, this edition provides fresh perspectives on a range of topics, including international macroprudential policy coordination. Addressing a broad audience of researchers, professional macroeconomists, graduate and advanced undergraduate students, this book equips readers with the technical foundations and policy insights necessary for a deep understanding of the role of monetary policy and financial regulation. This is a treatise/textbook that the profession badly needs. It focuses on financial frictions and burning issues of the day. It will be especially valuable for graduate students who are keen on making their marks on this challenging field. Guillermo A. Calvo, Professor of International and Public Affairs, Columbia University; former Chief Economist at the Inter-American Development Bank; and author of Macroeconomics in Times of Liquidity Crises Pierre-Richard Agénor has produced the most complete and comprehensive treatment of the effects of macroprudential policies in a general-equilibrium context of which I am aware. The beauty of this book is that it explores that role in a sequence of models ranging from simple closed-economy reduced-form versions to state-of-the-art open-economy DSGEs with financial frictions, each lucidly developed and intuitively explained. This innovative approach makes the general-equilibrium effects of a variety of macroprudential policy instruments transparent and easy to understand. Agénor's book is likely to become a standard reference in the literature on macro-financial linkages and regulatory policies intended to avoid aggregate financial fragility. It belongs on the bookshelf of any student or researcher concerned with these topics. Peter J. Montiel, Professor of Economics, Williams College.
650 0 $a Monetary policy $x Econometric models. $3 266607
650 0 $a Macroeconomics. $3 183168
650 0 $a Economic policy. $3 182878
650 0 $a Finance. $3 183252
650 0 $a Economic development. $3 174815
650 1 4 $a Macroeconomics and Monetary Economics. $3 913170
650 2 4 $a Economic Policy. $3 274350
650 2 4 $a Financial Economics. $3 274377
650 2 4 $a International Economics. $3 273685
650 2 4 $a Economic Growth. $3 274406
710 2 $a SpringerLink (Online service) $3 273601
773 0 $t Springer Nature eBook
856 4 0 $u https://doi.org/10.1007/978-3-032-01673-7
950 $a Economics and Finance (SpringerNature-41170)