Modelling approaches to assess the effectiveness of macro-prudential policy
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Date
2015
Journal Title
Journal ISSN
Volume Title
Publisher
,,Victor Slăvescu” Centre For Financial And Monetary Research
Abstract
In this paper was approached the problem of the effectiveness of the macro-prudential policy, which became an actual subject in scientific literature. We made a literature review of the appliedmethods to diagnose the effectiveness of the macro-prudential policy toolkit; explored the possiblemethodologies and frameworks which can be used to investigate the effectiveness of theimplemented macro-prudential policies (Alpanda et al. (2014), CGFS (2012)); showed theiradvantages and drawbacks and proposed an empirical method. By this paper we aimed to developa proper framework for policy-makers to follow for sustainable implementation of the macroprudential policy and assessment of its effectiveness.
Description
Bibliogr.: pp. 74-75 (17 titl.). JEL classification: E5, G21, G28.
Keywords
macro-prudential policy, effectiveness, DSGE model, emprical models
Citation
STARITINA, Ludmila, CUHAL, Radu, SADOVEAN, Diana. Modelling approaches to assess the effectiveness of macro-prudential policy. In: Journal of Financial and Monetary Economics. 2015, no. 2, pp. 67-75. ISSN 2392-9685; ISSN L 2392-9685.