Abstract
Macro-prudential policies, their use, implementation and
effectiveness, have been at the centre of a heated debate
since the onset of the global financial crisis. The work that has
been produced solely focused on the implications of macroprudential
regulation for short-term economic stability.
This column sets the emphasis on the long-term effects
of financial regulation and finds that macro-prudential
regulation promotes economic growth by mitigating the
adverse effects of financial volatility. The results support the
argument that macro-prudential policy rules designed to
ensure financial stability are beneficial to long-run economic
growth.
effectiveness, have been at the centre of a heated debate
since the onset of the global financial crisis. The work that has
been produced solely focused on the implications of macroprudential
regulation for short-term economic stability.
This column sets the emphasis on the long-term effects
of financial regulation and finds that macro-prudential
regulation promotes economic growth by mitigating the
adverse effects of financial volatility. The results support the
argument that macro-prudential policy rules designed to
ensure financial stability are beneficial to long-run economic
growth.
Original language | English |
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Publisher | Ferdi |
Number of pages | 4 |
Place of Publication | Clermont-Ferrand |
Publication status | Published - Apr 2016 |
Publication series
Name | Policy Brief |
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Publisher | FERDI |
No. | 146 |