CUBE - Working Papers / Preprints
Permanent URI for this collection
Browse
Browsing CUBE - Working Papers / Preprints by Subject "Aggregate demand"
Now showing 1 - 1 of 1
Results Per Page
Sort Options
- Macroprudential policy and aggregate demandPublication . Teixeira, André; Venter, ZoeThis paper assesses the impact of macroprudential policy (MaPP) on aggregate demand in the EU between 2000-2019. Using a difference-in-differences approach, we find that MaPP reduces household consumption and increases firm investment. These effects are relatively mild in the short run but become more pronounced in the long run. Our findings point to a weaker macroeconomic impact than suggested in previous studies.