| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP14585 |
| DP14585 Macroprudential Policy and Household Debt: What is Wrong with Swedish Macroprudential Policy? | |
| Lars E.O. Svensson | |
| 发表日期 | 2020-04-09 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | Much is right with Swedish macroprudential policy. But regarding risks associated with household debt, the policy does not pass a cost-benefit test. The substantial credit tightening that Finansinspektionen (the FI, the Swedish Financial Supervisory Authority) has achieved – through amortization requirements and more indirect ways – has no demonstrable benefits but substantial costs. The FI - and the international organizations that have commented on risks associated with Swedish household debt - use a flawed theoretical framework for assessing macroeconomic risks from household debt. The tightening was undertaken for mistaken reasons. Several reforms are required for a better-functioning mortgage market. A reform of the governance of macroprudential policy – including a decision-making committee and improved accountability – may reduce risks of policy mistakes. |
| 主题 | Monetary Economics and Fluctuations |
| 关键词 | Macroprudential policy Housing Mortgages Household debt Macroeconomic risk |
| URL | https://cepr.org/publications/dp14585-0 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/543492 |
| 推荐引用方式 GB/T 7714 | Lars E.O. Svensson. DP14585 Macroprudential Policy and Household Debt: What is Wrong with Swedish Macroprudential Policy?. 2020. |
| 条目包含的文件 | 条目无相关文件。 | |||||
| 个性服务 |
| 推荐该条目 |
| 保存到收藏夹 |
| 导出为Endnote文件 |
| 谷歌学术 |
| 谷歌学术中相似的文章 |
| [Lars E.O. Svensson]的文章 |
| 百度学术 |
| 百度学术中相似的文章 |
| [Lars E.O. Svensson]的文章 |
| 必应学术 |
| 必应学术中相似的文章 |
| [Lars E.O. Svensson]的文章 |
| 相关权益政策 |
| 暂无数据 |
| 收藏/分享 |
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
