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Macroprudential Policies and the Lucas Critique

In: Macroprudential policy

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  • Bálint Horváth
  • Wolf Wagner

Abstract

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Suggested Citation

  • Bálint Horváth & Wolf Wagner, 2016. "Macroprudential Policies and the Lucas Critique," BIS Papers chapters, in: Bank for International Settlements (ed.), Macroprudential policy, volume 86, pages 39-44, Bank for International Settlements.
  • Handle: RePEc:bis:bisbpc:86-06
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    File URL: http://www.bis.org/publ/bppdf/bispap86f.pdf
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    References listed on IDEAS

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    1. Viral V. Acharya & Lasse H. Pedersen & Thomas Philippon & Matthew Richardson, 2017. "Measuring Systemic Risk," Review of Financial Studies, Society for Financial Studies, vol. 30(1), pages 2-47.
    2. Anton Korinek, 2011. "Systemic Risk-Taking: Amplification Effects, Externalities, and Regulatory Responses," NFI Working Papers 2011-WP-13, Indiana State University, Scott College of Business, Networks Financial Institute.
    3. Acharya, Viral V. & Yorulmazer, Tanju, 2007. "Too many to fail--An analysis of time-inconsistency in bank closure policies," Journal of Financial Intermediation, Elsevier, vol. 16(1), pages 1-31, January.
    4. Emmanuel Farhi & Jean Tirole, 2012. "Collective Moral Hazard, Maturity Mismatch, and Systemic Bailouts," American Economic Review, American Economic Association, vol. 102(1), pages 60-93, February.
    5. Rafael Repullo & Javier Suarez, 2013. "The Procyclical Effects of Bank Capital Regulation," Review of Financial Studies, Society for Financial Studies, vol. 26(2), pages 452-490.
    6. Kiyotaki, Nobuhiro & Moore, John, 1997. "Credit Cycles," Journal of Political Economy, University of Chicago Press, vol. 105(2), pages 211-248, April.
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    Cited by:

    1. Donato Masciandaro, 2018. "Central Banks And Macroprudential Policies: Economics And Politics," BAFFI CAREFIN Working Papers 1878, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy.
    2. Müller, Karsten, 2019. "Electoral cycles in macroprudential regulation," ESRB Working Paper Series 106, European Systemic Risk Board.
    3. Randall, Rick G. & Allen, Stuart, 2021. "Cybersecurity professionals information sharing sources and networks in the U.S. electrical power industry," International Journal of Critical Infrastructure Protection, Elsevier, vol. 34(C).

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