Macroprudential policy and aggregate demand

This paper assesses the impact of macroprudential policy (MaPP) on aggregate demand in the EU between 2000-2019. Using a difference-in-differences approach, we find that MaPP reduces household consumption and increases firm investment. These effects are relatively mild in the short run but become mo...

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Bibliographic Details
Main Author: Teixeira, André (author)
Other Authors: Venter, Zoe (author)
Format: preprint
Language:eng
Published: 2022
Subjects:
Macroprudential policy
Aggregate demand
Consumption
Investment
Savings
Difference-in-differences
Online Access:http://hdl.handle.net/10400.14/38216
Country:Portugal
Oai:oai:repositorio.ucp.pt:10400.14/38216

Internet

http://hdl.handle.net/10400.14/38216

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