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Macroprudential policy under incomplete information (2019)
Journal Article
Rubio, M., & Unsal, D. F. (2019). Macroprudential policy under incomplete information. European Journal of Finance, https://doi.org/10.1080/1351847X.2019.1679209

In this paper, we use a DSGE model to study the passive and time-varying implementation of macroprudential policy when policy-makers have noisy and lagged data. The model features an economy with two agents; households and entrepreneurs. Entrepreneur... Read More about Macroprudential policy under incomplete information.

Macroprudential Policy under Incomplete Information (2019)
Journal Article
Rubio, M., & Unsal, D. F. (2020). Macroprudential Policy under Incomplete Information. European Journal of Finance, 26(7-8), https://doi.org/10.1080/1351847X.2019.1679209

In this paper, we use a DSGE model to study the passive and time-varying implementation of macroprudential policy when policy-makers have noisy and lagged data. The model features an economy with two agents; households and entrepreneurs. Entrepreneur... Read More about Macroprudential Policy under Incomplete Information.

Macroprudential policies in a low interest-rate environment (2019)
Journal Article
Rubio, M., & Yao, F. (2020). Macroprudential policies in a low interest-rate environment. Journal of Money, Credit and Banking, 52(6), 1565-1591. https://doi.org/10.1111/jmcb.12662

In this paper, we analyze the use of macroprudential policies in a low interest rate environment, where an occasionally binding zero lower bound (ZLB) constraint gives rise to aggregate demand externalities. We study this issue by using a dynamic sto... Read More about Macroprudential policies in a low interest-rate environment.

Does the rental housing market stabilize the economy?: a micro and macro perspective (2019)
Journal Article
Rubio, M., & Rubaszek, M. (2019). Does the rental housing market stabilize the economy?: a micro and macro perspective. Empirical Economics, https://doi.org/10.1007/s00181-019-01638-z

© 2019, The Author(s). The size of the rental housing market in most countries around the globe is small. In this article, we claim that this may be detrimental to macroeconomic stability. We do it in three steps. First, using survey data for Poland,... Read More about Does the rental housing market stabilize the economy?: a micro and macro perspective.