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http://eprints.org/relation/isVersionOf https://pure.iiasa.ac.at/id/document/87016 http://eprints.org/relation/isVolatileVersionOf https://pure.iiasa.ac.at/id/document/87016 http://eprints.org/relation/ismediumThumbnailVersionOf https://pure.iiasa.ac.at/id/document/87016 87026 2 247261 document 87026 small.jpg image/png 49a54ad82b0089bd12258b6c1d3e1778 MD5 1666 2019-03-26 09:31:27 https://pure.iiasa.ac.at/id/eprint/15812/6/small.jpg 15812 6 6 image/png other Thumbnails conversion from text to thumbnail_small en staffonly

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http://eprints.org/relation/isVersionOf https://pure.iiasa.ac.at/id/document/87016 http://eprints.org/relation/isVolatileVersionOf https://pure.iiasa.ac.at/id/document/87016 http://eprints.org/relation/issmallThumbnailVersionOf https://pure.iiasa.ac.at/id/document/87016 archive 353 disk0/00/01/58/12 2019-03-26 09:22:47 2021-08-27 17:31:34 2019-03-26 09:22:47 article show Crespo Cuaresma J. 1838 von Schweinitz G. Wendt K. pub prog_pop Reserve requirements; Macroprudential policy; Credit growth; Economic growth; Bayesian model averaging Reserve requirements, as a tool of macroprudential policy, have been increasingly employed since the outbreak of the great financial crisis. We conduct an analysis of the effect of reserve requirements in tranquil and crisis times on long-run growth rates of GDP per capita and credit (%GDP) making use of Bayesian model averaging methods. Regulation has on average a negative effect on GDP in tranquil times, which is only partly offset by a positive (but not robust effect) in crisis times. Credit over GDP is positively affected by higher requirements in the longer run. 2019-03-20 published Elsevier 10.1016/j.jmacro.2019.03.004 58 public Journal of Macroeconomics 60 253-274 TRUE 1873-152X FALSE no info:eu-repo/semantics/article