Browsing Arbeidsnotater / Working Papers by Author "Kockerols, Thore"
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Forbearance Patterns in the Post-Crisis Period
Bergant, Katharina; Kockerols, Thore (Working Paper;11/2018, Working paper, 2018)Using supervisory loan-level data on corporate loans, we show that banks facing high levels of non-performing loans relative to their capital and provisions were more likely to grant forbearance measures to the riskiest ... -
Leaning against persistent financial cycles with occasional crises
Kockerols, Thore; Kravik, Erling Motzfeldt; Mimir, Yasin (Working Paper;11/2021, Working paper, 2021)Should central banks use leaning against the wind (LAW)-type monetary or macroprudential policy to address risks to financial stability? We first assess LAW as a one-off (nonsystematic) policy using an estimated large-scale ... -
“Leaning Against the Wind”, Macroprudential Policy and the Financial Cycle
Kockerols, Thore; Kok, Christoffer (Working Paper;1/2019, Working paper, 2019)Should monetary policy lean against financial stability risks? This has been a subject of fierce debate over the last decades. We contribute to the debate about “leaning against the wind” (LAW) along three lines. First, ...