Financial Stability And Interest Rate Policy
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Financial Stability and Interest-Rate Policy
Author | : Mr.Andrea Pescatori |
Publisher | : International Monetary Fund |
Total Pages | : 29 |
Release | : 2016-03-21 |
Genre | : Business & Economics |
ISBN | : 1475522673 |
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Should monetary policy use its short-term policy rate to stabilize the growth in household credit and housing prices with the aim of promoting financial stability? We ask this question for the case of Canada. We find that to a first approximation, the answer is no— especially when the economy is slowing down.
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