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.

引用

页码：1 / 40

页数：40

共 50 条

[41] Robust optimal macroprudential policy
Bennett, Federico
Montamat, Giselle
Roch, Francisco
JOURNAL OF INTERNATIONAL ECONOMICS, 2023, 141
[42] Macroprudential Policy in Action: Israel
Fischer, Stanley
WHAT HAVE WE LEARNED?: MACROECONOMIC POLICY AFTER THE CRISIS, 2014, : 87 - 98
[43] Macroprudential policy in a currency union
Claudia M. Buch
Benjamin Weigert
Review of World Economics, 2019, 155 : 23 - 33
[44] Macroprudential policy with capital buffers *
Schroth, Josef
JOURNAL OF MONETARY ECONOMICS, 2021, 118 : 296 - 311
[45] Pandemic shocks and macroprudential policy
Bratsiotis, George J.
Gloria, Manuel
OXFORD ECONOMIC PAPERS-NEW SERIES, 2024,
[46] Macroprudential policy with convertible debt
Hollander, Hylton
JOURNAL OF MACROECONOMICS, 2017, 54 : 285 - 305
[47] An Overview of Macroprudential Policy Tools
Claessens, Stijn
ANNUAL REVIEW OF FINANCIAL ECONOMICS, VOL 7, 2015, 7 : 397 - 422
[48] Monetary policy and macroprudential policy: Different and separate?
Svensson, Lars E. O.
CANADIAN JOURNAL OF ECONOMICS-REVUE CANADIENNE D ECONOMIQUE, 2018, 51 (03): : 802 - 827
[49] DEBT COMMITMENTS AND AGGREGATE DEMAND - A CRITIQUE OF THE NEOCLASSICAL SYNTHESIS AND POLICY
FAZZARI, S
CASKEY, J
FINANCIAL DYNAMICS AND BUSINESS CYCLES: NEW PERSPECTIVES, 1989, : 188 - 199
[50] Aggregate demand and inflation response to monetary policy shocks in Tunisia
Ben Mimoun, Mohamed
Boukhatem, Jamel
Raies, Asma
JOURNAL OF POLICY MODELING, 2024, 46 (03) : 592 - 612

← 1 2 3 4 5 →