The transmission of macroprudential policy in the tails: evidence from a narrative approach
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- Lloyd, Simon & Fernández-Gallardo, Álvaro & Manuel, Ed, 2023. "The transmission of macroprudential policy in the tails: evidence from a narrative approach," ESRB Working Paper Series 145, European Systemic Risk Board.
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More about this item
Keywords
Growth-at-risk; macroprudential policy; narrative identification; quantile local projections;All these keywords.
JEL classification:
- E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
- E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
- G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
NEP fields
This paper has been announced in the following NEP Reports:- NEP-BAN-2023-07-24 (Banking)
- NEP-CBA-2023-07-24 (Central Banking)
- NEP-EEC-2023-07-24 (European Economics)
- NEP-FDG-2023-07-24 (Financial Development and Growth)
- NEP-MAC-2023-07-24 (Macroeconomics)
- NEP-MON-2023-07-24 (Monetary Economics)
- NEP-RMG-2023-07-24 (Risk Management)
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