Risky bank lending and countercyclical capital buffers

DOI10.1016/j.jedc.2015.06.005zbMath1401.91314OpenAlexW1687158098MaRDI QIDQ1657498

Michael Kumhof, Jaromir Benes

Publication date: 13 August 2018

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jedc.2015.06.005

zbMATH Keywords

monetary policymacroprudential policyfinancial acceleratorbank lendingbank capital adequacylending risk

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Credit risk (91G40)

Related Items (5)

Interest rate rules under financial dominance ⋮ Long-term bank lending and the transfer of aggregate risk ⋮ Bubbly dynamics, frictional intermediation and policy analysis ⋮ Salience, systemic risk and spectral risk measures as capital requirements ⋮ Monetary and macroprudential policy coordination with biased preferences

Cites Work

• Leaning against boom-bust cycles in credit and housing prices
• The role of bank capital in the propagation of shocks
• Monopolistic Price Adjustment and Aggregate Output

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