Macroprudential Policy and Income Inequality: The Trade-Off Between Crisis Prevention and Credit Redistribution
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216208%3A11230%2F25%3A10511368" target="_blank" >RIV/00216208:11230/25:10511368 - isvavai.cz</a>
Alternative codes found
RIV/61989100:27510/25:10258800 RIV/61384399:31110/25:00061438
Result on the web
<a href="https://verso.is.cuni.cz/pub/verso.fpl?fname=obd_publikace_handle&handle=bqHkKxcHKt" target="_blank" >https://verso.is.cuni.cz/pub/verso.fpl?fname=obd_publikace_handle&handle=bqHkKxcHKt</a>
DOI - Digital Object Identifier
—
Alternative languages
Result language
angličtina
Original language name
Macroprudential Policy and Income Inequality: The Trade-Off Between Crisis Prevention and Credit Redistribution
Original language description
Using data on 105 countries from 1990 to 2019 and a lag-augmented local projection method, we document that macroprudential policy tightening affects income inequality through two key channels: the crisis mitigation and prevention channel and the credit redistribution channel. Through the first of these, tighter regulation during credit booms reduces income inequality and mitigates the redistributive effects of financial crises, reflecting the enhanced financial sector's resilience. Through the second, it contributes to higher inequality due to its negative effect on credit growth and property prices. This has important policy implications: the timely implementation of macroprudential regulation has preventive effects and can contribute to a more equal distribution of society's income.
Czech name
—
Czech description
—
Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
—
OECD FORD branch
50201 - Economic Theory
Result continuities
Project
Result was created during the realization of more than one project. More information in the Projects tab.
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)
Others
Publication year
2025
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
International Journal of Central Banking
ISSN
1815-4654
e-ISSN
1815-7556
Volume of the periodical
21
Issue of the periodical within the volume
4
Country of publishing house
US - UNITED STATES
Number of pages
101
Pages from-to
249-349
UT code for WoS article
001588935200005
EID of the result in the Scopus database
2-s2.0-105018643177