Macroprudential Policy and Aggregate Demand

被引：0
|
作者：
Teixeira, Andre [1 ]
Venter, Zoe [2 ]
机构：
[1] Univ Lisbon, ISEG, REM UECE, R Miguel Lupi 20, P-1249078 Lisbon, Portugal
[2] Catolica Lisbon Sch Business & Econ, P-1649023 Lisbon, Portugal
来源：
INTERNATIONAL JOURNAL OF CENTRAL BANKING | 2023年 / 19卷 / 04期
关键词：
D O I：
暂无
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
This paper assesses the impact of macroprudential policy (MaPP) on aggregate demand in the EU between 2000 and 2019. Using a difference-in-differences approach, we find that MaPP reduces household consumption and increases firm investment. These effects are relatively mild in the short run but become more pronounced in the long run. Our findings point to a weaker macroeconomic impact than suggested in previous studies.
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页码：1 / 40
页数：40
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