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Macroprudential Policies (Ozkan & Unsal)

On the use of monetary and macroprudential policies for small open economies by F. Gulcin Ozkan and D. Filiz Unsal published by IMF, indicated by Alvaro Manoel (6/2014). “We explore optimal monetary and macroprudential policy rules for a small open economy. Delegating ‘lean against the wind’ squarely to macroprudential policy provides a more robust policy mix to shock uncertainty…”

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