Results 31 to 40 of about 3,865,061 (285)
Housing Boom‐Bust Cycles and Asymmetric Macroprudential Policy
Journal of Money, Credit and Banking, 2023 In this paper, I argue that occasionally binding borrowing constraints are a source of nonlinearity that warrant an appropriate nonlinear macroprudential policy response.
William Gatt
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Pandemic shocks and macroprudential policy [PDF]
Oxford Economic Papers, 2023 Abstract We introduce an extended borrower–saver DSGE (Dynamic Stochastic General Equilibrium) model, where classifications of occupations are split further into two subcategories, according to whether their occupation is directly “affected” by a pandemic shock.
Bratsiotis, George John, Gloria, Manuel
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Monetary and Macroprudential Policies [PDF]
SSRN Electronic Journal, 2011 We use a dynamic general equilibrium model featuring a banking sector to assess the interaction between a countercyclical macroprudential policy and monetary policy. We find that in “normal” times (when the economic cycle is mainly driven by supply shocks) macroprudential policy generates only modest benefits relative to a “monetary policy-only” world.
Angelini, Paolo +2 more
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Macroprudential policy, economic crises and economic growth
Digital Economy and Sustainable Development, 2023 Slow global economic growth, frequent fluctuations in international financial markets, and increasing wealth disparity have become common concerns facing the globe.
Yu You, Xiaoying Hu, Hao Guo
semanticscholar +1 more source
Macroprudential Policy with Leakages [PDF]
Journal of International Economics, 2018 The outreach of macroprudential policies is likely limited in practice by imperfect regulation enforcement, whether due to shadow banking, regulatory arbitrage, or other regulation circumvention schemes. We study how such concerns affect the design of optimal regulatory policy in a workhorse model in which pecuniary externalities call for ...
Javier Bianchi, Julien Bengui
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Evaluating Macroprudential Policies [PDF]
SSRN Electronic Journal, 2018 Macroprudential policy is a relatively new policy field. Its goal is to preserve financial stability and to prevent the build-up of systemic risk that may have adverse effects for the functioning of the financial system and for the real economy. New institutions have been tasked with the implementation of macroprudential policies, and new policy ...
Claudia M. Buch +3 more
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Effective Macroprudential Policy: Cross‐Sector Substitution from Price and Quantity Measures [PDF]
Journal of Money, Credit and Banking, 2019 Janko Cizel +3 more
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The Impact of Macroprudential Policy on Credit Growth in Nine Euro Area Economies
Naše Gospodarstvo, 2023 In this paper, we investigate the impact of macroprudential policy measures (bundled together into a macroprudential policy index, MPI) on the non-financial corporate sector credit and household credit growth using a one-step system GMM empirical ...
Lorenčič Eva +2 more
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A Primer on Macroprudential Policy [PDF]
The Journal of Economic Education, 2015 This article introduces macroprudential policy using a static New Keynesian Macroeconomics model with financial frictions. Researchers analyze two related questions: First, they show how the procyclicality 5 of financial factors, captured by the financial accelerator, amplifies the transmission of supply and demand shocks and impacts the intuition they
Poutineau, Jean-Christophe +1 more
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Coordination Effects and Optimal Policy Choices of Macroprudential Policy and Monetary Policy
Complexity, 2020 Considering three monetary policy rules, together with two endogenous macroprudential policies that are credit constraints (loan to value, LTV) for households and counter-cyclical capital (capital requirement ratio, CRR) for bankers, this paper ...
Haifeng Pan, Dingsheng Zhang
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