Macroprudential policy and aggregate demand

Detalhes bibliográficos
Autor(a) principal: Teixeira, André
Data de Publicação: 2022
Outros Autores: Venter, Zoe
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10400.14/38216
Resumo: This paper assesses the impact of macroprudential policy (MaPP) on aggregate demand in the EU between 2000-2019. Using a difference-in-differences approach, we find that MaPP reduces household consumption and increases firm investment. These effects are relatively mild in the short run but become more pronounced in the long run. Our findings point to a weaker macroeconomic impact than suggested in previous studies.
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spelling Macroprudential policy and aggregate demandMacroprudential policyAggregate demandConsumptionInvestmentSavingsDifference-in-differencesThis paper assesses the impact of macroprudential policy (MaPP) on aggregate demand in the EU between 2000-2019. Using a difference-in-differences approach, we find that MaPP reduces household consumption and increases firm investment. These effects are relatively mild in the short run but become more pronounced in the long run. Our findings point to a weaker macroeconomic impact than suggested in previous studies.Veritati - Repositório Institucional da Universidade Católica PortuguesaTeixeira, AndréVenter, Zoe2022-07-15T10:05:18Z2022-03-072022-03-07T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.14/38216eng10.2139/ssrn.4046093info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-07-12T17:43:42Zoai:repositorio.ucp.pt:10400.14/38216Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T18:31:09.174201Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Macroprudential policy and aggregate demand
title Macroprudential policy and aggregate demand
spellingShingle Macroprudential policy and aggregate demand
Teixeira, André
Macroprudential policy
Aggregate demand
Consumption
Investment
Savings
Difference-in-differences
title_short Macroprudential policy and aggregate demand
title_full Macroprudential policy and aggregate demand
title_fullStr Macroprudential policy and aggregate demand
title_full_unstemmed Macroprudential policy and aggregate demand
title_sort Macroprudential policy and aggregate demand
author Teixeira, André
author_facet Teixeira, André
Venter, Zoe
author_role author
author2 Venter, Zoe
author2_role author
dc.contributor.none.fl_str_mv Veritati - Repositório Institucional da Universidade Católica Portuguesa
dc.contributor.author.fl_str_mv Teixeira, André
Venter, Zoe
dc.subject.por.fl_str_mv Macroprudential policy
Aggregate demand
Consumption
Investment
Savings
Difference-in-differences
topic Macroprudential policy
Aggregate demand
Consumption
Investment
Savings
Difference-in-differences
description This paper assesses the impact of macroprudential policy (MaPP) on aggregate demand in the EU between 2000-2019. Using a difference-in-differences approach, we find that MaPP reduces household consumption and increases firm investment. These effects are relatively mild in the short run but become more pronounced in the long run. Our findings point to a weaker macroeconomic impact than suggested in previous studies.
publishDate 2022
dc.date.none.fl_str_mv 2022-07-15T10:05:18Z
2022-03-07
2022-03-07T00:00:00Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10400.14/38216
url http://hdl.handle.net/10400.14/38216
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv 10.2139/ssrn.4046093
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
institution RCAAP
reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
repository.mail.fl_str_mv
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