Macroeconomic Consequences of Macroprudential Policy

该项目旨在调查宏观审慎政策的宏观经济后果，并就如何实施这些政策向政策制定者提供强有力的、以经验为基础的建议。全球金融危机促使许多国家推出新政策，即所谓的宏观审慎政策，明确目标是维持金融稳定。该项目的重要组成部分包括评估一个多部门小型开放型经济模型，其中包括金融部门与宏观经济的其他部分之间的相互作用，以及制定评估这些政策的新方法。评估宏观审慎政策绩效对模型关键维度变化的敏感性是另一个重要方面。

This project aims to investigate the macroeconomic consequences of macroprudential policies and to provide robust, empirically-based advice to policy-makers about how they should be conducted. The global financial crisis motivated many nations to introduce new policies – known as macroprudential policies – with the explicit goal of maintaining financial stability. Important components of the project include estimation of a multisector small open economy model with interactions between the financial sector and the rest of the macroeconomy and development of new methods to evaluate these policies. Assessing the sensitivity of the performance of macroprudential policies to variations in key dimensions of the model is another important aspect.