Distributional consequences of borrower-based macroprudential tools – Bank Underground

Banking

Distributional consequences of borrower-based macroprudential tools – Bank Underground

Sep 18, 2026

Jagdish Tripathy, Arzu Uluc, José-Luis Peydró and Francesc Rodriguez-Tous Borrower-based macroprudential measures – such as limits on loan to income (LTI) and loan to value (LTV) ratios – have become...

60

it’s all in the curve – Bank Underground

Banking

it’s all in the curve – Bank Underground

Sep 6, 2026

Sofia Carollo and Natalie Burr While monetary policy sets short-term policy rates, households and firms borrow at varying time horizons. How a policy decision reshapes the whole yield curve therefore...

69

why average financial conditions miss what matters most – Bank Underground

Banking

why average financial conditions miss what matters most – Bank Underground

Sep 4, 2026

Miguel Herculano, Santiago Montoya-Blandon and Jorge Pinheiro Financial conditions indices are widely used by central banks and policymakers, including in the UK, to summarise and monitor in real-time the state...

68