Digging Deeper Evidence on the Effects of Macroprudential Policies from a New Database is popular PDF and ePub book, written by Zohair Alam in 2019-03-22, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Digging Deeper Evidence on the Effects of Macroprudential Policies from a New Database can be Read Online from any device for your convenience.
Digging Deeper Evidence on the Effects of Macroprudential Policies from a New Database Book PDF Summary
This paper introduces a new comprehensive database of macroprudential policies, which combines information from various sources and covers 134 countries from January 1990 to December 2016. Using these data, we first confirm that loan-targeted instruments have a significant impact on household credit, and a milder, dampening effect on consumption. Next, we exploit novel numerical information on loan-to-value (LTV) limits using a propensity-score-based method to address endogeneity concerns. The results point to economically significant and nonlinear effects, with a declining impact for larger tightening measures. Moreover, the initial LTV level appears to matter; when LTV limits are already tight, the effects of additional tightening on credit is dampened while those on consumption are strengthened.
Detail Book of Digging Deeper Evidence on the Effects of Macroprudential Policies from a New Database PDF
- Author : Zohair Alam
- Release : 22 March 2019
- Publisher : International Monetary Fund
- ISBN : 9781498302708
- Genre : Business & Economics
- Total Page : 57 pages
- Language : English
- PDF File Size : 12,9 Mb
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