Incorporating financial stability considerations into central bank policy models (2013-15)

The research network focused on the inclusion of financial stability considerations as well as macroprudential instruments into central bank models. The network led to substantial cooperation between central bank modelling teams in the region. Professor Enrique Mendoza acted as academic adviser to the network.

Meetings

BIS CCA closing conference, "Incorporating financial stability considerations into central bank policy models", Mexico, 29-30 January 2015

BIS CCA research network conference, "Incorporating financial stability considerations into central bank policy models", Mexico, 28-29 October 2013

Papers

Macroeconomic effects of banking sector losses across structural models by L Guerrieri, M Iacoviello, F Covas, J Driscoll, M Jahan-Parvar, M Kiley, A Queralto and J Sim

Macroprudential policies in a commodity exporting economy by A González, F Hamann and D Rodríguez

Phases of global liquidity, fundamentals news, and the design of macroprudential policy by J Bianchi and E Mendoza

Credit and macroprudential policy in an emerging economy: a structural model assessment by H Aguirre and E Blanco

A policy model to analyze macroprudential regulations and monetary policy by S Alpanda, G Cateau and C Meh

Traditional and matter-of-fact financial frictions in a DSGE model for Brazil: the role of macroprudential instruments and monetary policy by F de Carvalho, M Castro and S Costa

Spillovers, capital flows and prudential regulation in small open economies by P Castillo, C Carrera, M Ortiz and H Vega