The costs of macroprudential policyMacroprudential policyLoan-to-value ratiosLocal projectionsNarrative approachCentral banks increasingly rely on macroprudential measures to manage the financial cycle. However, the effects of such measures on the core objectives of monetary policy to stabilise output and ...
macroprudential policynarrative approachCentral banks increasingly rely on macroprudential measures to manage the financial cycle. However, the effects of such policies on the core objectives of monetRichter, BjrnSchularick, MoritzShim, IlhyockSocial Science Electronic Publishing...
The costs of macroprudential policy. Journal of International Economics 118: 263–282. https://doi.org/10.1016/j.jinteco.2018.11.011. Article Google Scholar Roodman, D. 2009. A note on the theme of too many instruments. Oxford Bulletin of Economics and Statistics 71(1): 135–158. https...
The costs of macroprudential policy 2019, Journal of International Economics Show abstract Macroprudential policy, central banks and financial stability: Evidence from China 2019, Journal of International Money and Finance Show abstract Forecasting oil and stock returns with a Qual VAR using over 150 yea...
The Costs of Macroprudential Policy We also find that tightening LTV limits has larger economic effects than loosening them. At the same time, we show that changes in maximum LTV ratios ... B Richter,M Schularick,I Shim - 《Working Paper》 被引量: 0发表: 2018年 SCREW RETIGHTENING INCREASE...
Prudential policies should be deployed more forcefully to buttress the financial system. This would also create more space for monetary policy to tackle inflation. Macroprudential policies should be kept tight, or even tightened further. Research suggests that this can limit the strains that higher int...
With this great power comes great responsibility. The region of stability, illustrated in Graph 1, delineates the range of policy settings that are consistent with the proper exercise of that power. Drifting outside the region generates large economic costs, in the form of slumps, high inflation...
ESRB published a report on macroprudential tools for cyber resilience. U.S. Treasury published a report on the use of cloud services by financial institutions. IAIS finalised criteria for the comparison between the ICS and the Aggregation Method. ...
Policy (2019) T. Beck et al. Financial innovation: the bright and the dark sides J. Bank. Finance (2016) M. Bernier et al. Financial innovation, economic growth, and the consequences of macroprudential policies Res. Econ. (2019) E. Boz et al. Financial innovation, the discovery of risk...
Such deviations may arise as a result of agency problems, the tax bias and bankruptcy costs, leading to an intermediate level of optimal leverage. In particular, corporate income taxes are expected to increase the optimal debt level, because of the tax benefits of debt as a result of interest...