08Feb2017

Evaluating the effectiveness of macroprudential policies

When 08 February 2017 8:45 AM

Policy Research Workshop of the ECBN

Macroprudential policies to mitigate structural and cyclical systemic risk are now in operation in a number of countries. Assessing the impact of these policies on the resilience of the financial sector and the wider economy is at the core of research and policy activities following the crisis. Given the multi-faceted concept of financial stability that these policies are meant to contribute to and the still emerging theoretical framework, a number of analytical approaches have been advanced for policy evaluation and design. The purpose of the workshop was to bring together the policy and academic communities to consider these evaluation approaches covering the use of macro models, time series techniques and the analysis of micro data. Of particular interest were those policies aimed at enhancing the resilience of banks, households and other sectors of the economy through building up structural capital buffers (e.g. G-SIB, O-SII, SRB) and enacting borrower-based measures (e.g. Loan-to-Value and Loan-to-Income limits). The programme below contains links to the papers presented at the workshop.


The workshop was hosted by the Central Bank of Ireland as part of a series of annual events organized by the European Central Banking Network (ECBN) in cooperation with CEPR. Programme - Policy Research Workshop of the ECBN | pdf 354 KB