Risky firms and fragile banks: Implications for macroprudential policy
Author
Abstract
Suggested Citation
Download full text from publisher
Other versions of this item:
- Tommaso Gasparini & Vivien Lewis & Stéphane Moyen & Stefania Villa, 2024. "Risky Firms and Fragile Banks: Implications for Macroprudential Policy," Working papers 944, Banque de France.
References listed on IDEAS
- Susanto Basu & Brent Bundick, 2017.
"Uncertainty Shocks in a Model of Effective Demand,"
Econometrica, Econometric Society, vol. 85, pages 937-958, May.
- Susanto Basu & Brent Bundick, 2011. "Uncertainty Shocks in a Model of Effective Demand," Boston College Working Papers in Economics 774, Boston College Department of Economics, revised 01 Nov 2015.
- Susanto Basu & Brent Bundick, 2012. "Uncertainty shocks in a model of effective demand," Working Papers 12-15, Federal Reserve Bank of Boston.
- Susanto Basu & Brent Bundick, 2012. "Uncertainty Shocks in a Model of Effective Demand," NBER Working Papers 18420, National Bureau of Economic Research, Inc.
- Susanto Basu & Brent Bundick, 2014. "Uncertainty shocks in a model of effective demand," Research Working Paper RWP 14-15, Federal Reserve Bank of Kansas City.
- Nicholas Bloom & Max Floetotto & Nir Jaimovich & Itay Saporta†Eksten & Stephen J. Terry, 2018.
"Really Uncertain Business Cycles,"
Econometrica, Econometric Society, vol. 86(3), pages 1031-1065, May.
- Nicholas Bloom & Max Floetotto & Nir Jaimovich & Itay Saporta-Eksten & Stephen J. Terry, 2012. "Really Uncertain Business Cycles," NBER Working Papers 18245, National Bureau of Economic Research, Inc.
- Nicholas Bloom & Max Floetotto & Nir Jaimovich & Itay Saporta-Eksten & Stephen Terry, 2013. "Really Uncertain Business Cycles," CEP Discussion Papers dp1195, Centre for Economic Performance, LSE.
- Bloom, Nicholas & Floetotto, Max & Jaimovich, Nir & Saporta-Eksten, Itay & Terry, Stephen, 2013. "Really uncertain business cycles," LSE Research Online Documents on Economics 51526, London School of Economics and Political Science, LSE Library.
- Nicholas Bloom & Max Floetotto & Nir Jaimovich & Itay Saporta-Eksten & Stephen J. Terry, 2014. "Really Uncertain Business Cycles," Working Papers 14-18, Center for Economic Studies, U.S. Census Bureau.
- Cristiano Cantore & Paul Levine & Giovanni Melina, 2014.
"A Fiscal Stimulus and Jobless Recovery,"
Scandinavian Journal of Economics, Wiley Blackwell, vol. 116(3), pages 669-701, July.
- Cristiano Cantore & Paul Levine & Giovanni Melina, 2011. "A Fiscal Stimulus and Jobless Recovery," School of Economics Discussion Papers 1111, School of Economics, University of Surrey.
- Mr. Cristiano Cantore & Mr. Paul L Levine & Mr. Giovanni Melina, 2013. "A Fiscal Stimulus and Jobless Recovery," IMF Working Papers 2013/017, International Monetary Fund.
- Bernanke, Ben S. & Gertler, Mark & Gilchrist, Simon, 1999.
"The financial accelerator in a quantitative business cycle framework,"
Handbook of Macroeconomics, in: J. B. Taylor & M. Woodford (ed.), Handbook of Macroeconomics, edition 1, volume 1, chapter 21, pages 1341-1393,
Elsevier.
- Bernanke, B. & Gertler, M. & Gilchrist, S., 1998. "The Financial Accelerator in a Quantitative Business Cycle Framework," Working Papers 98-03, C.V. Starr Center for Applied Economics, New York University.
- Ben Bernanke & Mark Gertler & Simon Gilchrist, 1998. "The Financial Accelerator in a Quantitative Business Cycle Framework," NBER Working Papers 6455, National Bureau of Economic Research, Inc.
- Claudio Borio & Mathias Drehmann & Dora Xia, 2018. "The financial cycle and recession risk," BIS Quarterly Review, Bank for International Settlements, December.
- Benes, Jaromir & Kumhof, Michael, 2015. "Risky bank lending and countercyclical capital buffers," Journal of Economic Dynamics and Control, Elsevier, vol. 58(C), pages 58-80.
- Claudia M. BUCH & Matthieu BUSSIÈRE & Linda GOLDBERG, 2021. "Macroprudential Policy In The Wake Of The Covid-19 Crisis: International Spillovers And Coordination Issues," Financial Stability Review, Banque de France, pages 71-81, March.
- José Abad & Antonio I Garcia Pascual, 2022. "Usability of Bank Capital Buffers: The Role of Market Expectations," IMF Working Papers 2022/021, International Monetary Fund.
- Nicholas Bloom, 2009.
"The Impact of Uncertainty Shocks,"
Econometrica, Econometric Society, vol. 77(3), pages 623-685, May.
- Nicholas Bloom, 2007. "The Impact of Uncertainty Shocks," NBER Working Papers 13385, National Bureau of Economic Research, Inc.
- Bachmann, Rüdiger & Bayer, Christian, 2013. "‘Wait-and-See’ business cycles?," Journal of Monetary Economics, Elsevier, vol. 60(6), pages 704-719.
- Paolo Angelini & Stefano Neri & Fabio Panetta, 2014. "The Interaction between Capital Requirements and Monetary Policy," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 46(6), pages 1073-1112, September.
- Angeloni, Ignazio & Faia, Ester, 2013. "Capital regulation and monetary policy with fragile banks," Journal of Monetary Economics, Elsevier, vol. 60(3), pages 311-324.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Fendoğlu, Salih, 2014.
"Optimal monetary policy rules, financial amplification, and uncertain business cycles,"
Journal of Economic Dynamics and Control, Elsevier, vol. 46(C), pages 271-305.
- Salih Fendoglu, 2011. "Optimal Monetary Policy Rules, Financial Amplification, and Uncertain Business Cycles," Working Papers 1126, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
- Kıvanç Karaman, K. & Yıldırım-Karaman, Seçil, 2019. "How does financial development alter the impact of uncertainty?," Journal of Banking & Finance, Elsevier, vol. 102(C), pages 33-42.
- Benhabib, Jess & Liu, Xuewen & Wang, Pengfei, 2016. "Endogenous information acquisition and countercyclical uncertainty," Journal of Economic Theory, Elsevier, vol. 165(C), pages 601-642.
- Yıldırım-Karaman, Secil, 2017. "Uncertainty shocks, central bank characteristics and business cycles," Economic Systems, Elsevier, vol. 41(3), pages 379-388.
- Steffen R. Henzel & Malte Rengel, 2017.
"Dimensions Of Macroeconomic Uncertainty: A Common Factor Analysis,"
Economic Inquiry, Western Economic Association International, vol. 55(2), pages 843-877, April.
- Steffen Henzel & Malte Rengel, 2013. "Dimensions of macroeconomic uncertainty: A common factor analysis," ifo Working Paper Series 167, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
- Henzel, Steffen R. & Rengel, Malte, 2017. "Dimensions of macroeconomic uncertainty: a common factor analysis," Munich Reprints in Economics 49932, University of Munich, Department of Economics.
- Steffen Henzel & Malte Rengel, 2014. "Dimensions of Macroeconomic Uncertainty: A Common Factor Analysis," CESifo Working Paper Series 4991, CESifo.
- Bachmann, Rüdiger & Born, Benjamin & Elstner, Steffen & Grimme, Christian, 2019.
"Time-varying business volatility and the price setting of firms,"
Journal of Monetary Economics, Elsevier, vol. 101(C), pages 82-99.
- Bachmann, Rüdiger & Born, Benjamin & Grimme, Christian, 2013. "Time-Varying Business Volatility and the Price Setting of Firms," CEPR Discussion Papers 9702, C.E.P.R. Discussion Papers.
- Ruediger Bachmann & Benjamin Born & Steffen Elstner & Christian Grimme, 2013. "Time-Varying Business Volatility and the Price Setting of Firms," NBER Working Papers 19180, National Bureau of Economic Research, Inc.
- Bachmann, Rüdiger & Born, Benjamin & Elstner, Steffen & Grimme, Christian, 2013. "Time-varying business volatility, price setting, and the real effects of monetary policy," Working Papers 01/2013, German Council of Economic Experts / Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung.
- Bachmann, Rildiger & Born, Benjamin & Elstner, Steffen & Grimme, Christian, 2019. "Time-varying business volatility and the price setting of firms," Munich Reprints in Economics 78278, University of Munich, Department of Economics.
- Hikaru Saijo & Cosmin Ilut, 2015.
"Learning, Confidence, and Business Cycles,"
2015 Meeting Papers
917, Society for Economic Dynamics.
- Hikaru Saijo & Cosmin Ilut, 2016. "Learning, Confidence and Business Cycle," 2016 Meeting Papers 664, Society for Economic Dynamics.
- Cosmin L. Ilut & Hikaru Saijo, 2016. "Learning, Confidence, and Business Cycles," NBER Working Papers 22958, National Bureau of Economic Research, Inc.
- Lewis, Vivien & Roth, Markus, 2018.
"Interest rate rules under financial dominance,"
Journal of Economic Dynamics and Control, Elsevier, vol. 95(C), pages 70-88.
- Vivien Lewis & Markus Roth, 2015. "Interest rate rules under financial dominance," Working Papers of Department of Economics, Leuven 497594, KU Leuven, Faculty of Economics and Business (FEB), Department of Economics, Leuven.
- Lewis, Vivien & Roth, Markus, 2018. "Interest rate rules under financial dominance," Discussion Papers 29/2018, Deutsche Bundesbank.
- Jondeau, Eric & Sahuc, Jean-Guillaume, 2022.
"Bank capital shortfall in the euro area,"
Journal of Financial Stability, Elsevier, vol. 62(C).
- Eric Jondeau & Jean-Guillaume Sahuc, 2022. "Bank capital shortfall in the euro area," Post-Print hal-03771767, HAL.
- Lee, Kiryoung & Jeon, Yoontae, 2020. "Measuring Chinese consumers’ perceived uncertainty," International Review of Economics & Finance, Elsevier, vol. 66(C), pages 51-70.
- Ben-Gad, Michael & Pearlman, Joseph & Sabuga, Ivy, 2022.
"An analysis of monetary and macroprudential policies in a DSGE model with reserve requirements and mortgage lending,"
Economic Modelling, Elsevier, vol. 116(C).
- Ben-Gad, M. & Pearlman, J. & Sabuga, I., 2021. "An Analysis of Monetary and Macroprudential Policies in a DSGE Model with Reserve Requirements and Mortgage Lending," Working Papers 21/04, Department of Economics, City University London.
- Brand, Thomas & Isoré, Marlène & Tripier, Fabien, 2019.
"Uncertainty shocks and firm creation: Search and monitoring in the credit market,"
Journal of Economic Dynamics and Control, Elsevier, vol. 99(C), pages 19-53.
- Brand, Thomas & Isoré, Marlène & Tripier, Fabien, 2017. "Uncertainty Shocks and Firm Dynamics: Search and Monitoring in the Credit Market," CEPREMAP Working Papers (Docweb) 1707, CEPREMAP.
- Thomas Brand & Marlène Isoré & Fabien Tripier, 2019. "Uncertainty shocks and firm creation: Search and monitoring in the credit market," Post-Print hal-02877945, HAL.
- Thomas Brand & Marlène Isoré & Fabien Tripier, 2018. "Uncertainty Shocks and Firm Creation: Search and Monitoring in the Credit Market," Working Papers 2018-19, CEPII research center.
- Mecikovsky, Ariel & Meier, Matthias, 2014.
"Do plants freeze upon uncertainty shocks?,"
EconStor Preprints
100662, ZBW - Leibniz Information Centre for Economics.
- Mecikovsky, Ariel Matias & Meier, Matthias, 2014. "Do plants freeze upon uncertainty shocks?," VfS Annual Conference 2014 (Hamburg): Evidence-based Economic Policy 100541, Verein für Socialpolitik / German Economic Association.
- Ariel Mecikovsky & Matthias Meier, 2019. "Do Plants Freeze Upon Uncertainty Shocks?," CRC TR 224 Discussion Paper Series crctr224_2019_075, University of Bonn and University of Mannheim, Germany.
- Anh Nguyen, 2015. "Financial frictions and the volatility of monetary policy in a DSGE model," Working Papers 75949436, Lancaster University Management School, Economics Department.
- Iván Alfaro & Nicholas Bloom & Xiaoji Lin, 2024.
"The Finance Uncertainty Multiplier,"
Journal of Political Economy, University of Chicago Press, vol. 132(2), pages 577-615.
- Xiaoji Lin & Nicholas Bloom & Ivan Alfaro, 2017. "The Finance-Uncertainty Multiplier," 2017 Meeting Papers 887, Society for Economic Dynamics.
- Iván Alfaro & Nicholas Bloom & Xiaoji Lin, 2018. "The Finance Uncertainty Multiplier," NBER Working Papers 24571, National Bureau of Economic Research, Inc.
- Alfaro, Ivan & Bloom, Nicholas & Lin, Xiaoji, 2017. "The Finance Uncertainty Multiplier," Working Paper Series 2017-30, Ohio State University, Charles A. Dice Center for Research in Financial Economics.
- Nicholas Bloom & Fatih Guvenen & Sergio Salgado, 2016.
"Skewed Business Cycles,"
2016 Meeting Papers
1621, Society for Economic Dynamics.
- Sergio Salgado & Fatih Guvenen & Nicholas Bloom, 2019. "Skewed Business Cycles," NBER Working Papers 26565, National Bureau of Economic Research, Inc.
- Sergio Salgado & Fatih Guvenen & Nicholas Bloom, 2019. "Skewed Business Cycles," 2019 Meeting Papers 1189, Society for Economic Dynamics.
- Chan, Ying Tung & Dong, Yilin, 2022. "How does oil price volatility affect unemployment rates? A dynamic stochastic general equilibrium model," Economic Modelling, Elsevier, vol. 114(C).
- Kilponen, Juha & Orjasniemi, Seppo & Ripatti, Antti & Verona, Fabio, 2016. "The Aino 2.0 model," Research Discussion Papers 16/2016, Bank of Finland.
- N. Bloom, 2016.
"Fluctuations in uncertainty,"
Voprosy Ekonomiki, NP Voprosy Ekonomiki, issue 4.
- Nicholas Bloom, 2014. "Fluctuations in Uncertainty," Journal of Economic Perspectives, American Economic Association, vol. 28(2), pages 153-176, Spring.
- Nicholas Bloom, 2013. "Fluctuations in Uncertainty," CEP Occasional Papers 038, Centre for Economic Performance, LSE.
- Nicholas Bloom, 2014. "Fluctuations In Uncertainty," Working Papers 14-17, Center for Economic Studies, U.S. Census Bureau.
- Bloom, Nicholas, 2013. "Fluctuations in uncertainty," LSE Research Online Documents on Economics 57976, London School of Economics and Political Science, LSE Library.
- Nicholas Bloom, 2014. "Fluctuations in Uncertainty," Discussion Papers 13-033, Stanford Institute for Economic Policy Research.
- Nicholas Bloom, 2013. "Fluctuations in Uncertainty," NBER Working Papers 19714, National Bureau of Economic Research, Inc.
- Sanjay Chugh, 2016.
"Firm Risk and Leverage-Based Business Cycles,"
Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 20, pages 111-131, April.
- Sanjay K. Chugh, 2013. "Firm Risk and Leverage Based Business Cycles," Boston College Working Papers in Economics 844, Boston College Department of Economics.
More about this item
Keywords
bank default; capital buffer; firm risk; macroprudential policy;All these keywords.
JEL classification:
- E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
- E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
- E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
- E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
- G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:zbw:bubdps:287761. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ZBW - Leibniz Information Centre for Economics (email available below). General contact details of provider: https://edirc.repec.org/data/dbbgvde.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.