Professor Dr Jesús Crespo Cuaresma

Professor Dr Jesús Crespo Cuaresma
Current Position

since 12/15

Research Professor

Halle Institute for Economic Research (IWH) – Member of the Leibniz Association

since 3/10

Professor of Economics

Vienna University of Economics and Business

Research Interests

  • applied econometrics
  • macroeconomic modelling

Jesús Crespo Cuaresma joined the institute as a Research Professor in December 2015. His research focuses on applied econometrics and macroeconomic modelling.

Jesús Crespo Cuaresma holds the position of Professor of Economics at Vienna University of Economics and Business.

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Professor Dr Jesús Crespo Cuaresma
Professor Dr Jesús Crespo Cuaresma
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Working Papers


On the Empirics of Reserve Requirements and Economic Growth

Jesús Crespo Cuaresma Gregor von Schweinitz Katharina Wendt

in: IWH Discussion Papers, No. 8, 2018


Reserve requirements, as a tool of macroprudential policy, have been increasingly employed since the outbreak of the great financial crisis. We conduct an analysis of the effect of reserve requirements in tranquil and crisis times on credit and GDP growth making use of Bayesian model averaging methods. In terms of credit growth, we can show that initial negative effects of higher reserve requirements (which are often reported in the literature) tend to be short-lived and turn positive in the longer run. In terms of GDP per capita growth, we find on average a negative but not robust effect of regulation in tranquil times, which is only partly offset by a positive but also not robust effect in crisis times.

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