Replication Code for: \"Unintended Consequences of Macroprudential Regulation\"

This STATA do-file replicates the empirical analyses reported in Tables 1–14 and Tables A.2–A.4 of the paper “Unintended Consequences of Macroprudential Regulation.” It also generates the underlying data used to construct Figures 1–4. The empirical analysis relies on confidential administrative data from Chile’s Financial Market Commission (CMF). Due to data confidentiality restrictions, the underlying micro-level data cannot be publicly shared, and full replication of the results requires access to the CMF data from the regulator.

本STATA do文件可复现论文《宏观审慎监管的意外后果》（Unintended Consequences of Macroprudential Regulation）中表1至表14以及附录表A.2至A.4所报告的实证分析内容。该文件同时可生成用于绘制图1至图4的基础数据集。本次实证分析依托智利金融市场委员会（Financial Market Commission, CMF）的保密行政数据。由于数据保密限制，本研究使用的微观层面原始数据无法公开共享，若要完全复现研究结果，需从监管机构处获取CMF的相关数据。