Bundesbank's Buch pinpoints importance of impact studies for macro-pru policy

Buch emphasises the usefulness of impact studies for macro-prudential policy

Claudia Buch

Impact studies are an "important tool" for evaluating the efficacy of macro-prudential policies, vice-president of the Deutsche Bundesbank, Claudia Buch, said on September 7, arguing they should be conducted if such policies are "activated in the future".

In a speech given at the annual meeting of the Verein für Socialpolitik, Buch noted "we still don't know all that much about the impact of macro-prudential policy measures right now" as the available evidence is "very sparse".

Data alone, she

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