The Macroeconomic Effects of Macroprudential Policy : Evidence from a Narrative Approach (English)

This paper analyzes the macroeconomic effects of macroprudential policy—in the form of legal reserve requirements—in three Latin American countries (Argentina, Brazil, and Uruguay). To correctly identify innovations in changes in legal reserve requirements, a narrative approach—based on contemporaneous reports from the IMF and central banks in the spirit of Romer and Romer (2010)—is developed in which each change is classified into endogenous or exogenous...

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Author

Rojas Alvarado,Luis Diego;

Vegh,Carlos;

Vuletin,Guillermo Javier;
Document Date
2022/08/24
Document Type
Policy Research Working Paper
Report Number
WPS10145
Volume No
1
Country
Latin America, Brazil, Argentina, Uruguay,
Region
Latin America and Caribbean,
Disclosure Date
2022/08/24
Disclosure Status
Disclosed
Doc Name
The Macroeconomic Effects of Macroprudential Policy : Evidence from a Narrative Approach

Citation

Rojas Alvarado,Luis Diego; Vegh,Carlos; Vuletin,Guillermo Javier.

The Macroeconomic Effects of Macroprudential Policy : Evidence from a Narrative Approach (English). Policy Research working paper ; no. WPS 10145 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/099542508242283333

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The Macroeconomic Effects of Macroprudential Policy : Evidence from a Narrative Approach (English)

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