[宏观经济学研讨会]Capital Regulation and Monetary Policy with Fragile Banks
发文时间:2016-11-01
【ECON20161217】
宏观经济学研讨会 (总第212期)  
【时间】2016年11月2日(周三)12:15-13:45 【地点】明商0302教室 【主讲】韦祎  中国人民大学经济学院 【主题】Capital Regulation and Monetary Policy with Fragile Banks (I. Angeloni & E. Faia, Journal of Monetary Policy, 2013) 【点评】郭豫媚  中央财经大学金融学院讲师 【摘要】Optimizing banks subject to runs are introduced in a macro model to study the transmission of monetary policy and its interplay with bank capital regulation when banks are risky. A monetary expansion and a positive productivity shock increase bank leverage and risk. Risk-based capital requirements amplify the cycle and are welfare detrimental. Within a class of simple policy rules, the best combination includes mildly anticyclical capital ratios (as in Basel III) and a response of monetary policy to asset prices or bank leverage. 【主持】陈彦斌 教授

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