Back to Search
Start Over
Friend or foe? The impact of macroprudential policy on economic growth.
- Source :
-
Journal of Economic Policy Reform . Mar2024, Vol. 27 Issue 1, p87-106. 20p. - Publication Year :
- 2024
-
Abstract
- In this paper, we examine the impact of macroprudential policy on economic growth. The results show that the implementation of macroprudential policies contributes to fostering economic growth, especially in the period following the onset of the global financial crisis. In particular, we show that tightening loan loss provisions, loan-to-value, lending restriction, liquidity requirements and systemically important financial institutions measures all lead to higher economic growth. However, we also find that, while tightening macroprudential policy is generally beneficial for the economy, excessive tightening policy can exert a negative growth impact. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 17487870
- Volume :
- 27
- Issue :
- 1
- Database :
- Academic Search Index
- Journal :
- Journal of Economic Policy Reform
- Publication Type :
- Academic Journal
- Accession number :
- 175795609
- Full Text :
- https://doi.org/10.1080/17487870.2023.2281646