CEPR Working Paper: Monetary and Macroprudential Policy Complementarities: evidence from European credit registers
Author(s): Carlo Altavilla, Luc Laeven, José Luis Peydró Date: December 2020 Abstract: We document that there are strong complementarities between monetary policy and macroprudential policy in shaping the evolution of bank credit. We use a unique loan-level dataset comprising multiple credit registers from several European countries and different types of loans, including corporate loans, mortgages[…]