Macro-prudential policy needs range of tools – Bundesbank paper

Deutsche Bundesbank headquarters, Frankfurt
The Deutsche Bundesbank
Fabian Stürtz

No single macro-prudential policy provides a solution to the problem of an overheating credit sector, a working paper published by the Deutsche Bundesbank argues.

In Macro to the rescue? – An analysis of macroprudential instruments to regulate housing credit, Alexander Falter presents a model of macro-prudential tools’ impact on the economy, focusing on the regulation of mortgage and corporate credit.

The model assesses three macro-prudential instruments: countercyclical capital buffers

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