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Browsing Informes (Departament d'Economia i Empresa) by Author "Blanco Barroso, João Barata R."

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Countercyclical liquidity policy and credit cycles : evidence from macroprudential and monetary policy in Brazil

Blanco Barroso, João Barata R.; Gonzalez, Rodrigo Barbone; Peydró, José-Luis; Doornik, Bernardus F. Nazar Van (2020)

We show that countercyclical liquidity policy smooths credit supply cycles, with stronger crisis effects. For identification, we exploit the Brazilian supervisory credit register and liquidity policy changes on reserve ...

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