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311
26.08.2021
The impact of macroprudential policies on industrial output
Discussion: The impact of macroprudential policies on industrial growth
Effects of Macroprudential Policies on Bank Lending and
RUSSIA’S MONETARY POLICY...................................................... 27
3.1. Key rate decisions........................................................................................................................................................ 28
3.2. System of monetary policy instruments and other monetary policy measures..............................31
BOXES.
inflation is largely influenced by fiscal policy. In its baseline scenario, the Bank of Russia proceeds from the fiscal
policy normalisation path stipulated by the
314
20.07.2021
monetary policy meeting
20 July 2021
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Elvira Nabiullina will make a statement on the Bank of Russia’s monetary policy
315
14.07.2021
Borrower entitled to refund for insurance policy: regulator explains
14 July 2021
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Borrowers who repaid their debt early are entitled
pursues the policy of financial sector devel-
opment and ensuring its stability. This policy cannot be viewed without active banking superviso-
ry policy that implies
policy. The results of model simulations without
any change in supervisory policy stringency are shown in blue, while with the results with
the changed policy
the respective policy
measure for the banks most likely to be affected?
7 Effects of macroprudential policies on bank lending and risks
Macroprudential policy measures
the literature exploring the effects of
macroprudential policy:
– this is a unique paper investigating meso-level effects of
macroprudential policy, which yields the results largely
consistent
The Anatomy of the Transmission of
Macroprudential Policies
by Viral V. Acharya, Katharina Bergant, Matteo Crosignani,
Time Eisert, and Fergal McCann
Discussion by Konstantin Styrin