Quotation Crespo Cuaresma, Jesus, von Schweinitz, Gregor, Wendt, Katharina. 2019. On the Empirics of Reserve Requirements and Economic Growth. Journal of Macroeconomics. 60 253-274.


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Abstract

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.

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Publication's profile

Status of publication Published
Affiliation WU
Type of publication Journal article
Journal Journal of Macroeconomics
Citation Index SSCI
WU Journalrating 2009 A
WU-Journal-Rating new VW-D
Language English
Title On the Empirics of Reserve Requirements and Economic Growth
Volume 60
Year 2019
Page from 253
Page to 274
Reviewed? Y
DOI https://doi.org/10.1016/j.jmacro.2019.03.004
Open Access N

Associations

People
Crespo Cuaresma, Jesus (Details)
External
von Schweinitz, Gregor (Universit├Ąt Leipzig, Germany)
Wendt, Katharina (Universit├Ąt Leipzig, Germany)
Organization
Institute for Macroeconomics IN (Details)
Competence Center for Sustainability Transformation and Responsibility WE (Details)
Research Institute for Cryptoeconomics FI (Details)
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