Author/Editor: Ananthakrishnan Prasad, Selim Elekdag, Phakawa Jeasakul, Romain Lafarguette, Adrian Alter, Alan Xiaochen Feng, Changchun Wang.

Release Date:February, 2019

The growth-at-risk (GaR) framework links current macrofinancial conditions to the distribution of future growth. Its main strength is its ability to assess the entire distribution of future GDP more...

Author/Editor: Alan Xiaochen Feng.

Release Date:July, 2018

Bank competition can induce excessive risk taking due to risk shifting. This paper tests this hypothesis using micro-level U.S. mortgage data by exploiting the exogenous variation in local house more...

Author/Editor: Adrian Alter, Alan Xiaochen Feng, Nico Valckx.

Release Date:April, 2018

We confirm the negative relationship between household debt and future GDP growth documented in Mian, Sufi, and Verner (2017) for a wider set of countries over the period 1950–2016. more...