Credit cycles

The Impact of Borrower-based Measures: An International Comparison
Central Bank of Ireland Staff Insights 2025, no. 6 (with Laura Moretti)
Households Under Constraints. The Macroeconomic Consequences of Borrower-Based Macroprudential Policy in Europe
We assess the impact of Borrower-Based Measures (BBMs) frameworks on household macroeconomic indicators across a panel of European countries from 1995 to 2021.
with Laura Moretti