Author/Editor: F. Gulcin Ozkan, Filiz Unsal.

Release Date:June, 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 more...

Author/Editor: F. Gulcin Ozkan, Filiz Unsal.

Release Date:July, 2010

This paper develops a two-country DSGE model to investigate the transmission of a global financial crisis to a small open economy. We find that economies hit by a sudden stop arising from financial more...