New SEACEN Working Paper
A new SEACEN Working Paper by @Özer Karagedikli and @Ole Rummel titled “Weighing up the Credit-to-GDP gap: A cautionary note” is now available. The authors take a look at the weights attached to the trend estimates in the way the BIS calculates the credit-to-GDP trends/gaps, which are then used in the countercyclical capital buffer calculations…