Sudden Surges and Macroprudential Policies

• Tác giả: Mahama Samir Bandaogo
• Ngôn ngữ: eng
• Ký hiệu phân loại: 339.5 Macroeconomic policy
• Thông tin xuất bản: Taylor and Francis, 2021
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 300011
• Chủ đề: 1. CREDIT BOOM; 2. CREDIT SURGE; 3. FINANCIAL CYCLE; 4. MACROPRUDENTIAL POLICY

Tóm tắt

This paper estimates the unconditional probability of a sudden surge in private credit and investigates the extent to which macroprudential policies impact the duration of the period preceding such a surge. While we observe sudden surges of credit over periods in which macroprudential policies were enacted, we document that these policies were effective at lowering the probability of credit booms between 2000 and 2013.