02000cas a2200277 a 4500 AALejournalIMF019126 230101c9999 xx r poo 0 0eng d 5.00 USD 9781498302708 1018-5941 BD-DhAAL BD-DhAAL Alam, Zohair. Digging Deeper : Evidence on the Effects of Macroprudential Policies from a New Database / Zohair Alam, Adrian Alter, Jesse Eiseman, R. Gelos. Washington, D.C. : International Monetary Fund, 2019. 1 online resource (57 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper introduces a new comprehensive database of macroprudential policies, which combines information from various sources and covers 134 countries from January 1990 to December 2016. Using these data, we first confirm that loan-targeted instruments have a significant impact on household credit, and a milder, dampening effect on consumption. Next, we exploit novel numerical information on loan-to-value (LTV) limits using a propensity-score-based method to address endogeneity concerns. The results point to economically significant and nonlinear effects, with a declining impact for larger tightening measures. Moreover, the initial LTV level appears to matter; when LTV limits are already tight, the effects of additional tightening on credit is dampened while those on consumption are strengthened. Mode of access: Internet Alter, Adrian. Eiseman, Jesse. Gelos, R. IMF Working Papers; Working Paper ; No. 2019/066 Full text available on IMF http://elibrary.imf.org/view/journals/001/2019/066/001.2019.issue-066-en.xml IMF e-Library