This paper analyses how country-specific institutional quality shapes the impact of monetary
policy on downside risks to GDP growth in the euro area. Using identified high-frequency …

This paper contributes to the literature on macroprudential stance assessment in two ways.
Firstly, it gives a comprehensive review of related literature to see the current directions …

This is a survey of the literature on Growth-at-Risk (GaR) for macroprudential policy stance
assessment. After acknowledging the main findings and contributions, we focus on the …

We apply the growth-at-risk model of Adrian et al.(2019) to the German commercial real
estate (CRE) market. We derive a distribution for CRE price growth four quarters ahead …

This paper focuses on the downside risks to the German residential real estate market. It
applies the" at-risk" methodology to the German housing market. Quantile regressions …

This study builds on the conceptual framework of vulnerable growth to examine how US
financial shocks influence the conditional distribution of real credit growth across a diverse …

This paper focuses on the downside risks to the German residential real estate market. It
applies the “at-risk” methodology to the German housing market. Quantile regressions …