Showing 1 - 10 of 10
Persistent link: https://www.econbiz.de/10013184510
In line with the recent policy discussion on the use of macroprudential measures to respond to crossborder risks arising from capital flows, this paper tries to quantify to what extent macroprudential policies (MPPs) have been able to stabilize capital flows in Central, Eastern and Southeastern...
Persistent link: https://www.econbiz.de/10012510734
We develop an integrated Early Warning Global Vector Autoregressive (EW-GVAR) model to quantify the costs and benefits of capital-based macroprudential policy measures. Our findings illustrate that capital-based measures are transmitted both via their impact on the banking system's resilience...
Persistent link: https://www.econbiz.de/10011975043
We provide a micro-empirical link between the large literature on credit and house prices and the burgeoning literature on macroprudential policy. Using loan-level data on Irish mortgages originated between 2003 and 2010, we construct a measure of credit availability which varies at the borrower...
Persistent link: https://www.econbiz.de/10011975778
We estimate the causal effects of macroprudential policies on the entire distribution of GDP growth for advanced European economies using a narrative-identification strategy in a quantile-regression framework. While macroprudential policy has near-zero effects on the centre of the GDP-growth...
Persistent link: https://www.econbiz.de/10014460609
Persistent link: https://www.econbiz.de/10012661396
We use Statistics Canada's Labour Force Survey to explore the labor market impacts of the novel coronavirus (COVID-19). Specifically, we adopt a unique identification strategy to examine the heterogeneous causal effects of the COVID-19 economic shutdown by governments on hours worked across the...
Persistent link: https://www.econbiz.de/10012225485
Persistent link: https://www.econbiz.de/10014253140
horizon (3 years). The employment effects of this policy are estimated using a synthetic control approach on Labour Force … past the 15th percentile, but not all remained employed. Employment losses were found mostly among younger workers, at … magnitudes similar to previous elasticities. Newer to the literature, regional employment losses were found mostly outside of …
Persistent link: https://www.econbiz.de/10013484733
considerably higher exit rates from exporting to the UK and from the market overall. They also saw greater declines in employment …
Persistent link: https://www.econbiz.de/10015048212