Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/305273 
Erscheinungsjahr: 
2024
Schriftenreihe/Nr.: 
Bank of Finland Research Discussion Papers No. 9/2024
Verlag: 
Bank of Finland, Helsinki
Zusammenfassung: 
In this paper, we design countercyclical capital buffer rules that perform robustly across a wide range of Dynamic Stochastic General Equilibrium (DSGE) models. These rules offer valuable guidance for policymakers uncertain about the most appropriate model(s) for decision-making. Our results show that robust rules call for a relatively restrained response from macroprudential authorities. The cost of insuring against model uncertainty is moderate, emphasizing the practicality of following these robust countercyclical capital buffer rules in uncertain economic environments.
Schlagwörter: 
countercyclical capital buffers
macroprudential policy
model comparison
structural models
model uncertainty
robust rule
JEL: 
E32
E44
E47
E60
G20
G28
Persistent Identifier der Erstveröffentlichung: 
Dokumentart: 
Working Paper

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