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How effective are macroprudential policies? : an empirical investigation

Ozge, Akinci; Olmstead-Rumsey, Jane - 2015

Persistent link: https://www.econbiz.de/10011326769

Ensuring financial stability : financial structure and the impact of monetary policy on asset prices

Assenmacher-Wesche, Katrin; Gerlach, Stefan - 2008 - Revised draft

policy shocks in 17 countries, using data spanning 1986 - 2006. We estimate VARs for individual economies and panel VARs in …, its importance appears limited. Keywords: asset prices, monetary policy, panel VAR. …

Persistent link: https://www.econbiz.de/10010382339

How do banking crises affect aggregate consumption? : evidence from international crisis episodes

Gerlach-Kristen, Petra; O'Connell, Brian; O’Toole, Conor - 2013

This paper considers the effect of systemic financial crises on aggregate consumption. Using a sample of 23 countries over 32 years, we find that consumption growth seems lower during banking crises, crises following credit booms and crises following house price booms. Moreover, the response to...

Persistent link: https://www.econbiz.de/10010199407

Financial structure and the impact of monetary policy on asset prices

Gerlach, Stefan; Assenmacher-Wesche, Katrin - 2008

shocks in 17 countries, using data spanning 1986-2006, using single-country VARs and panel VARs in which we distinguish … prices, its importance appears limited. -- Asset Prices ; Monetary Policy ; Panel VAR …