van der Hoog, Sander: The Limits to Credit Growth: Mitigation Policies and Macroprudential Regulations to Foster Macrofinancial Stability and Sustainable Debt. In: Computational Economics. Jg.52 H. 3. 2018, S. 873-920
Inhalt
- Introduction
- Relevant literature
- Agent-based models and macroprudential regulation
- The Japanese Banking Crisis and Zombie Lending
- Financial intermediation and economic development
- Financial leverage and the business cycle
- An overview of empirical facts linking leverage and the business cycle
- Methodology
- Model summary
- Firm sequence of activities
- Financial management
- Profits
- Dividend payout policy
- Firm credit demand
- Debt deleveraging and restructuring
- Banking sector
- Macroprudential regulation and mitigation policies
- The Admati & Hellwig proposals
- Results for Category III: Loan eligibility criteria
- The Chicago Plan for Monetary Reform
- Results for Category II: Limits to credit growth
- Conclusions
- Business Cycle Dating Algorithm and Recession Analysis
- Robustness analysis