On the empirics of reserve requirements and economic growth

Arbeitspapier

Reserve requirements, as a tool of macroprudential policy, have been increasingly employed since the outbreak of the great financial crisis. We conduct an analysis of the effect of reserve requirements in tranquil and crisis times on credit and GDP growth making use of Bayesian model averaging methods. In terms of credit growth, we can show that initial negative effects of higher reserve requirements (which are often reported in the literature) tend to be short-lived and turn positive in the longer run. In terms of GDP per capita growth, we find on average a negative but not robust effect of regulation in tranquil times, which is only partly offset by a positive but also not robust effect in crisis times.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: IWH Discussion Papers ; No. 8/2018

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Bayesian Analysis: General ; Financial Markets and the Macroeconomy ; Economic Growth of Open Economies ; Financial Institutions and Services: Government Policy and Regulation
• Thema: reserve requirements ; macroprudential policy ; credit growth ; economic growth ; Bayesian model averaging

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Crespo-Cuaresma, Jesus ; Schweinitz, Gregor von ; Wendt, Katharina
• Ereignis: Veröffentlichung
• (wer): Leibniz-Institut für Wirtschaftsforschung Halle (IWH)
• (wo): Halle (Saale)
• (wann): 2018

Weitere Informationen

• Handle: http://hdl.handle.net/10419/178499
• URN: urn:nbn:de:gbv:3:2-90902
• Letzte Aktualisierung: 10.03.2025, 11:43 MEZ