Katsurako Sonoda

Bank of Japan - Financial System and Bank Examination Department

2-1-1, Hongoku-cho

Nihonbashi

Chuo-ku, Tokyo, 103-8660

Japan

  • Bank of Japan - Financial System and Bank Examination Department

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Is Macroprudential Policy Instrument Blunt?

BIS Working Paper No. 536
Number of pages: 62 Posted: 15 Jan 2016
Katsurako Sonoda and Nao Sudou
Bank of Japan - Financial System and Bank Examination Department and Bank of Japan
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Abstract:

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Short-term interest rates, macroprudential instrument, boom-and-bust cycle