Stolbov, Michail I.; Shchepeleva, Maria A.; Karminsky, … - In: Financial Innovation 7 (2021) 1, pp. 1-25
The study empirically assesses how macroprudential policy interacts with systemic risk, industrial production, and … production. The latter has an inverse bidirectional linkage with systemic risk. Thus, an ex-ante tight macroprudential policy can … indirectly mitigate global systemic risk through its pro-growth effect on industrial production, although no convincing evidence …