Macroprudential policies—caps on loan to value ratios, limits on credit growth and other
balance-sheet restrictions,(countercyclical) capital and reserve requirements and …

The interaction between capital requirements and monetary policy is assessed by means of
simple rules in a dynamic general equilibrium model featuring a banking sector. In “normal” …

We compare various bank capital regulation regimes using a dynamic equilibrium model of
relationship lending in which banks are unable to access the equity markets every period …

We use a dynamic general equilibrium model featuring a banking sector to assess the
interaction between macroprudential policy and monetary policy. We find that in “normal” …

Using a wide range of macroeconomic and econometric models we assess the long‐term
economic impact of the Basel III reform. Our main results are the following.(1) The economic …

Since its creation the euro area suffered from imbalances between its core and peripheral
members. This paper checks whether macroprudential policy applied to the peripheral …

We compare two standard extensions to the New Keynesian framework that feature financial
frictions. The first model, originating from Kiyotaki and Moore (1997), is based on collateral …

This simulation-based paper investigates the impact of different methods of dynamic
provisioning on bank soundness and shows that this increasingly popular macroprudential …

In this paper we estimate a fully-fledged structural system for the housing market in Italy,
taking into account the multi-fold link with bank lending to both households and construction …

We evaluate two most popular approaches to implementing financial frictions into DSGE
models: the Bernanke, Gertler, and Gilchrist () setup, where frictions affect the price of loans …