2 papers
econ.GN2025
Optimal macroprudential policy with preemptive bailouts
Aliaksandr Zaretski
I study the optimal regulation of a financial sector where individual banks face self-enforcing constraints countering their default incentives. The constrained-efficient social pl…
econ.GN2025
Financial constraints, risk sharing, and optimal monetary policy
Aliaksandr Zaretski
I characterize optimal government policy in a sticky-price economy with different types of consumers and endogenous financial constraints in the banking and entrepreneurial sectors…