Gross credit flows, credit reallocation, and the macroeconomy

总信贷流量、信贷重新分配和宏观经济

• 批准号: DP190100606
• 负责人: A/Prof Silvio Contessi
• 金额: $ 16.75万
• 依托单位: Monash University
• 依托单位国家: 澳大利亚
• 项目类别: Discovery Projects
• 财政年份: 2019
• 资助国家: 澳大利亚
• 起止时间: 2019-08-15 至 2024-12-31
• 项目状态: 已结题
• 来源: https://dataportal.arc.gov.au/RGS/Web/Grants/DP190100606
• 关键词: Gross; credit; flows; reallocation; macroeconomy

This project aims to construct measures of credit reallocation from regulatory bank-level data for Australia and other countries. The project intends to develop empirical models able to evaluate the role of credit reallocation on aggregate output and a theoretical model with search and match frictions to evaluate quantitatively the role of bank credit in explaining macroeconomic outcomes. The project expects to provide significant benefits for policymakers for assessing the interplay between monetary and credit policy, formulating macroeconomic and macro prudential policies, and shedding light on the causes of productivity dynamics in Australia, boosting its comparative advantage.

该项目旨在从澳大利亚和其他国家的监管银行层面数据中构建信贷重新分配的措施。该项目旨在开发能够评估信贷重新分配对总产出的作用的经验模型，以及一个具有搜索和匹配摩擦的理论模型，以定量评估银行信贷在解释宏观经济结果方面的作用。该项目预计将为政策制定者提供重大好处，以评估货币和信贷政策之间的相互作用，制定宏观和宏观审慎政策，并揭示澳大利亚生产率动态的原因，增强其比较优势。