Countries are making more active use of macroprudential tools than in the past with the goal
of improving the resilience of their broader financial systems. A growing body of evidence …

This paper introduces a comprehensive database of macroprudential policies, which covers
134 countries from January 1990. Using a novel numerical indicator of the tightness of loan …

Using a sample covering emerging market and advanced economies, we assess the impact
of macroprudential policies on financial stability. Our empirical setup is designed to account …

Partial least squares-path modeling (PLS-PM) is a multivariate statistical technique first
introduced by Herman Wold in the late 1960s. The period from that time until the late 1980s …

The role of real estate during the global financial and economic crisis has prompted efforts to
better incorporate housing and financial channels into macro models, improve housing …

This paper builds a novel database on the effects of macroprudential policy drawing from 58
empirical studies, comprising over 6000 results on a wide range of instruments and outcome …

We show that macroprudential regulation significantly dampens the impact of global
financial shocks on emerging markets. Specifically, a tighter level of regulation reduces the …

I uncover heterogeneous effects of macroprudential policy on GDP growth distribution by
bringing together the literature on the impact of macroprudential policy and recent …

This paper takes a new approach to assess the costs and benefits of using different policy
tools—macroprudential, monetary, foreign exchange interventions, and capital flow …

The ultimate purpose of macroprudential policy is to avoid financial instability, such as
banking crises, which have a long-lasting and devastating effect on the economy. Although …