Details

Autor(en) / Beteiligte

• Schüler, Yves S.

Titel

On the credit-to-GDP gap and spurious medium-term cycles

Ist Teil von

• Economics letters, 2020-07, Vol.192, p.109245, Article 109245

Ort / Verlag

Amsterdam: Elsevier B.V

Erscheinungsjahr

2020

Quelle

Alma/SFX Local Collection

Beschreibungen/Notizen

• I provide empirical evidence suggesting that the credit-to-GDP gap is subject to spurious medium-term cycles, i.e. artificial boom–bust cycles with a maximum duration of around 40 years. •The credit-to-GDP gap informs the setting of the countercyclical capital buffer.•The method used to construct the gap may induce spurious boom–bust cycles.•I find evidence that the actual gaps are subject to these spurious cycles.