Evidencia sobre el impacto y la efectividad de las herramientas macroprudenciales

• Carmen Broto ^[1] ; Jorge Galán ^[1]
  1. [1] Banco de España
• Localización: Información Comercial Española, ICE: Revista de economía, ISSN 0019-977X, ISSN-e 2340-8790, Nº 918, 2021 (Ejemplar dedicado a: Política macroprudencial en España: instituciones e instrumentos), págs. 103-117
• Idioma: español
• DOI: 10.32796/ice.2021.918.7158
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• Dialnet Métricas: 2 Citas
• Resumen

  • En este artículo se presentan dos ejercicios empíricos complementarios sobre el posible impacto de las políticas macroprudenciales en España. El primero, se basa en la estimación de un modelo vectorial autorregresivo estructural (SVAR) y el segundo utiliza un modelo de crecimiento en riesgo (growth-at-risk). Los resultados coinciden en destacar el papel de la política macroprudencial para mitigar riesgos de naturaleza sistémica.

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