The Macroeconomic Effects of Macroprudential Policy : Evidence from a Narrative Approach

The Macroeconomic Effects of Macroprudential Policy : Evidence from a Narrative Approach

This paper analyzes the macroeconomic effects of macroprudential policy—in the form of legal reserve requirements—in three Latin American countries (Argentina, Brazil, and Uruguay). To correctly identify innovations in changes in legal reserve requ...

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Bibliographic Details
Main Authors:	Rojas, Diego, Vegh, Carlos, Vuletin, Guillermo
Format:	Working Paper
Language:	English English
Published:	World Bank, Washington, DC 2022
Subjects:	MACROPRUDENTIAL POLICY RESERVE REQUIREMENTS MONETARY POLICY NARRATIVE APPROACH IDENTIFICATION BUSINESS CYCLE ENDOGENEITY MACROECONOMIC EFFECTS STABILITY SYSTEMIC RISK
Online Access:	http://documents.worldbank.org/curated/en/099542508242283333/IDU04a228ead0c60204e6b0b1e002a61b8860edb http://hdl.handle.net/10986/37923

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