Jan Vlcek

TL;DR: In this article, the authors assess the long-term economic impact of the Basel III reform using a wide range of macroeconomic and econometric models and find that the economic costs of the new regulatory standards for bank capital and liquidity are considerably below existing estimates of the benefits that the reform should have by reducing the probability of banking crises.

TL;DR: In this article, the authors assess the long-term economic impact of the new regulatory standards (the Basel III reform), answering the following questions: (1) What is the impact of reform on longterm economic performance? (2) What are the benefits of reform in terms of reduced frequency and severity of financial crisis, analyzed in Basel Committee on Banking Supervision (BCBS, 2010b).

TL;DR: In this paper, the authors used a DSGE model with banks and financial frictions in credit markets to assess the medium-term macroeconomic costs of increasing capital and liquidity requirements.

TL;DR: In this article, the authors take a narrative approach, following Romer and Romer (1989), and center on a significant tightening of monetary policy that took place in 2011 in four members of the East African Community: Kenya, Uganda, Tanzania and Rwanda.

TL;DR: The authors developed a semi-structural new-Keynesian open-economy model, with separate food and non-food inflation dynamics, for forecasting and monetary policy analysis in low-income countries and apply it to Kenya.