Macroprudential Policy and Aggregate Demand

This paper assesses the impact of macroprudential policy (MaPP) on aggregate demand in the EU between 2000-2019. 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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Year of publication:	[2022]
Authors:	Teixeira, André ; Venter, Zoe
Publisher:	[S.l.] : SSRN
Subject:	Finanzmarktaufsicht \| Financial supervision \| Gesamtwirtschaftliche Nachfrage \| Aggregate demand \| Theorie \| Theory \| Wirkungsanalyse \| Impact assessment \| Geldpolitik \| Monetary policy

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Extent:	1 Online-Ressource (42 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: International Journal of Central Banking Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments February 28, 2022 erstellt
Other identifiers:	10.2139/ssrn.4046093 [DOI]
Classification:	E21 - Consumption; Saving ; E22 - Capital; Investment (including Inventories); Capacity ; E52 - Monetary Policy (Targets, Instruments, and Effects) ; E58 - Central Banks and Their Policies ; O47 - Measurement of Economic Growth; Aggregate Productivity
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013298091