We examine, conditional on structural shocks, the macroeconomic
performance of different countercyclical capital buffer (CCyB)
rules in small open economy estimated medium scale DSGE. We find
that rules based on the credit gap ...
On March 10, 2016, the European Central Bank (ECB) announced the
Corporate Sector Purchase Programme (CSPP) – commonly known as
corporate quantitative easing (QE) – to improve the financing
conditions of the Eurozone’s real eco...