Title: How distinct are financial cycles from business cycles
Abstract:One foundation for developing new macroprudential policy in addition to traditional macroeconomic stabilisation policy is that financial cycles differ from business cycles. This article identifies pro...One foundation for developing new macroprudential policy in addition to traditional macroeconomic stabilisation policy is that financial cycles differ from business cycles. This article identifies properties of credit and housing cycles, shows how they relate to GDP cycles, and compares the reliability of real-time estimates. JEL Classification: C32, E32, E44Read More
Publication Year: 2016
Publication Date: 2016-08-01
Language: en
Type: article
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Cited By Count: 7
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