Crespo Cuaresma, Jesus, von Schweinitz, Gregor, Wendt, Katharina. 2019. On the Empirics of Reserve Requirements and Economic Growth. Journal of Macroeconomics. 60 253-274.
BibTeX
Abstract
Reserve requirements, as a tool of macroprudential policy, have been increasingly employed since the outbreak of the great financial crisis. We conduct an analysis of the effect of reserve requirements in tranquil and crisis times on long-run growth rates of GDP per capita and credit (%GDP) making use of Bayesian model averaging methods. Regulation has on average a negative effect on GDP in tranquil times, which is only partly offset by a positive (but not robust effect) in crisis times. Credit over GDP is positively affected by higher requirements in the longer run.
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Status of publication | Published |
---|---|
Affiliation | WU |
Type of publication | Journal article |
Journal | Journal of Macroeconomics |
Citation Index | SSCI |
WU Journalrating 2009 | A |
WU-Journal-Rating new | VW-D |
Language | English |
Title | On the Empirics of Reserve Requirements and Economic Growth |
Volume | 60 |
Year | 2019 |
Page from | 253 |
Page to | 274 |
Reviewed? | Y |
DOI | https://doi.org/10.1016/j.jmacro.2019.03.004 |
Open Access | N |
Associations
- People
- Crespo Cuaresma, Jesus (Details)
- External
- von Schweinitz, Gregor (Universität Leipzig, Germany)
- Wendt, Katharina (Universität Leipzig, Germany)
- Organization
- Department of Economics (Crespo Cuaresma) (Details)
- Competence Center for Sustainability Transformation and Responsibility WE (Details)
- Research Institute for Cryptoeconomics FI (Details)