All Outputs (2)

Short and long-term interest rates and the effectiveness of monetary and macroprudential policies (2015)
Journal Article
Rubio, M. (2016). Short and long-term interest rates and the effectiveness of monetary and macroprudential policies. Journal of Macroeconomics, 47A, https://doi.org/10.1016/j.jmacro.2015.09.007

In this paper, I analyze the ability of monetary and macroprudential policies to stabilize both the macroeconomy and financial markets under two different scenarios: short and long-term rates. I develop and solve a New Keynesian dynamic stochastic ge... Read More about Short and long-term interest rates and the effectiveness of monetary and macroprudential policies.

Macroprudential and monetary policy rules: a welfare analysis (2015)
Journal Article
Rubio, M., & Carrasco-Gallego, J. A. (2015). Macroprudential and monetary policy rules: a welfare analysis. Manchester School, 83(2), https://doi.org/10.1111/manc.12078

This paper studies the interaction between macroprudential and monetary policies, using a DSGE model with a housing market and collateral constraints. Monetary policy follows a standard Taylor rule for the interest rate. The macroprudential authority... Read More about Macroprudential and monetary policy rules: a welfare analysis.