G2TT
来源类型Discussion paper
规范类型论文
来源IDDP14797
DP14797 Leaning against the wind and crisis risk
Moritz Schularick; Lucas ter Steege; Felix Ward
发表日期2020-05-23
出版年2020
语种英语
摘要Can central banks defuse rising stability risks in financial booms by leaning against the wind with higher interest rates? This paper studies the state-dependent effects of monetary policy on financial crisis risk. Based on the near-universe of advanced economy financial cycles since the 19th century, we show that discretionary leaning against the wind policies during credit and asset price booms are more likely to trigger crises than prevent them.
主题Economic History ; Financial Economics ; International Macroeconomics and Finance ; Monetary Economics and Fluctuations
关键词Financial stability monetary policy Local projections
URLhttps://cepr.org/publications/dp14797-2
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/543728
推荐引用方式
GB/T 7714
Moritz Schularick,Lucas ter Steege,Felix Ward. DP14797 Leaning against the wind and crisis risk. 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
[Moritz Schularick]的文章
[Lucas ter Steege]的文章
[Felix Ward]的文章
百度学术
百度学术中相似的文章
[Moritz Schularick]的文章
[Lucas ter Steege]的文章
[Felix Ward]的文章
必应学术
必应学术中相似的文章
[Moritz Schularick]的文章
[Lucas ter Steege]的文章
[Felix Ward]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。