| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w27481 |
| 来源ID | Working Paper 27481 |
| Credit Booms, Financial Crises and Macroprudential Policy | |
| Mark Gertler; Nobuhiro Kiyotaki; Andrea Prestipino | |
| 发表日期 | 2020-07-06 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | We develop a model of banking crises which Is consistent with two important features of the data: First, banking crises are usually preceded by credit booms. Second, credit booms often do not result in a crisis. That is, there are "good" booms as well as "bad" booms in the language of Gorton and Ordonez (2019). We then consider how the optimal macroprudential policy weighs the benefits of preventing a crisis against the costs of stopping a good boom. We show that countercyclical capital buffers are a critical feature of a successful macropudential policy. |
| 主题 | Macroeconomics |
| URL | https://www.nber.org/papers/w27481 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/585153 |
| 推荐引用方式 GB/T 7714 | Mark Gertler,Nobuhiro Kiyotaki,Andrea Prestipino. Credit Booms, Financial Crises and Macroprudential Policy. 2020. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w27481.pdf（3379KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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