TY - GEN A1 - Parra-Polania, Julian Andres A1 - Vargas-Riano, Carmina Ofelia DA - 2017/03/03 PY - 2018 UR - https://repositorio.banrep.gov.co/handle/20.500.12134/6301 AB - In an open-economy model with collateral constraint, Schmitt-Grohe and Uribe (2016) propose a procyclical policy (it calls for capital controls that are higher during crises than during normal times) that supposedly solves the externality problem that... U1 - 10 paginas LA - eng PB - Banco de la Republica de Colombia T3 - Borradores de Economia JF - Borradores de Economia; No. 989 M3 - Open Access KW - Restriccion de credito KW - Crisis financiera KW - Controles de capital KW - Macroprudencia KW - Sobreendeudamiento T1 - Optimal crisis interventions in an open economy with credit constraint KW - F34 - International Lending and Debt Problems KW - F41 - Open Economy Macroeconomics KW - G01 - Financial Crises KW - H23 - Externalities; Redistributive Effects; Environmental Taxes and Subsidies KW - D62 - Externalities KW - Credit constraint KW - Financial crisis KW - Capital controls KW - Macroprudential KW - Overborrowing KW - Politica fiscal KW - Modelos economicos KW - Politica social KW - Impuestos KW - Subsidios KW - D62 - Externalidades KW - F34 - Prestamos internacionales y problemas relacionados con la deuda externa KW - F41 - Macroeconomia de la economia abierta KW - G01 - Crisis financiera KW - H23 - Externalidades; Efectos redistributivos; Impuestos y subvenciones medioambientales DO - https://doi.org/10.32468/be.989 L1 - https://ideas.repec.org/p/bdr/borrec/989.html ER -