How far should capital requirements be raised to ensure a resilient banking system without
imposing undue costs on the real economy? Capital requirement increases make banks …

Abstract The Global Financial Crisis fostered the design and adoption of macroprudential
policies throughout the world. This raises important questions for monetary policy. What, if …

An integrated analysis of how financial frictions can be accounted for in macroeconomic
models built to study monetary policy and macroprudential regulation. Since the global …

How far should capital requirements be raised in order to ensure a strong and resilient
banking system without imposing undue costs on the real economy? Capital requirement …

Mastering Uncertainty after the Global Financial Crisis: The Dynamics of Paradigm Change in
Eurozone Financial Regulation Timo G Page 1 Mastering Uncertainty after the Global Financial …

This paper studies indirect macroprudential intervention's effects on households welfare in a
two-agent New Keynesian setting. I develop a two-agent New Keynesian DSGE model à la …