文章基本信息

标题：Get ready for the Fed lift-off: The role of macroprudential policy
作者：F. Gulcin Ozkan ; D. Filiz Unsal
期刊名称：Discussion Papers in Economics / Department of Economics, University of York
出版年度：2015
卷号：2015
出版社：University of York
摘要：This paper explores how best a small open economy can defend against a foreign interest rate rise, such as the impending Fed lift-off. We find that a broad based macroprudential policy is the mosteffective tool in containing fluctuations arising from the interest rate shock, hence yielding the lowest loss in welfare.
关键词：Foreign interest rates; emerging markets; monetary pol-icy; macroprudential measures; capital controls.