A scientometric review on literature of macroprudential policy

Macroprudential policy is closely related to financial stability, systemic risk and the procyclicality of the financial sector, and has attracted considerable attention of scholars after the 2008 global financial crisis. Based on the 467 documents together with 14,597 references collected from the Web of Science core collection for the period of 2005–2018, this article conducts a scientometric analysis of macroprudential policy. The article applies basic analysis, co-citation analysis, cluster analysis, citation burstness detection, scientific research cooperation analysis and co-occurrence analysis of keywords. Through the document co-citation analysis, the article shows the key themes of macroprudential policy research which include: the effectiveness of macroprudential policies, financial market intermediaries, containment of systemic risks, monetary policy and liquidity. The article identifies influential scholars, documents, research institutions, journals and research hotspots in the field of research on macroprudential policy. The scientometric analysis in the article presents an objective perspective of the inheritance and evolution of scientific knowledge at different levels in the field of macroprudential policy