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In this paper, we investigate the impact of macroprudential policy measures (bundled together into a macroprudential policy index, MPI) on the non-financial corporate sector credit and household credit growth using a one-step system GMM empirical research method. The goal of our paper is to test...
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The paper assesses the contribution of key factors associated with external imbalances in the Eurozone through the … estimation of a panel-data vector autoregressive model over 1975-2011. Growth fluctuations, initially associated with demand … dynamics in the Eurozone periphery than in the core, whereas competitiveness has been a less prominent factor in the periphery …
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