Queijo von Heideken, Virginia (contributor) - 2008
area. Moreover, consistent with common perceptions, financial frictions are larger in the Euro area. -- Financial frictions …This paper aims to evaluate if frictions in credit markets are important for business cycles in the U.S. and the Euro … area. For this purpose, I modify the DSGE financial accelerator model developed by Bernanke, Gertler and Gilchrist (1999 …