Macroprudential Policy and Income Inequality: The Trade-Off Between Crisis Prevention and Credit Redistribution

Kód výsledku v 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>

Nalezeny alternativní kódy

RIV/61989100:27510/25:10258800 RIV/61384399:31110/25:00061438

Výsledek na webu

<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

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Jazyk výsledku

angličtina

Název v původním jazyce

Macroprudential Policy and Income Inequality: The Trade-Off Between Crisis Prevention and Credit Redistribution

Popis výsledku v původním jazyce

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&apos;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&apos;s income.

Název v anglickém jazyce

Macroprudential Policy and Income Inequality: The Trade-Off Between Crisis Prevention and Credit Redistribution

Popis výsledku anglicky

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&apos;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&apos;s income.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

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OECD FORD obor

50201 - Economic Theory

Projekt

Výsledek vznikl pri realizaci vícero projektů. Více informací v záložce Projekty.

Návaznosti

P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Rok uplatnění

2025

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

International Journal of Central Banking

ISSN

1815-4654

e-ISSN

1815-7556

Svazek periodika

21

Číslo periodika v rámci svazku

4

Stát vydavatele periodika

US - Spojené státy americké

Počet stran výsledku

101

Strana od-do

249-349

Kód UT WoS článku

001588935200005

EID výsledku v databázi Scopus

2-s2.0-105018643177