Gerke, R.; Jonsson, M.; Kliem, M.; Kolasa, M.; … - In: Economic Modelling 31 (2013) C, pp. 253-264
The recent global financial crisis has increased interest in macroeconomic models that incorporate financial frictions. We illustrate the simulation properties of five medium-sized general equilibrium models used by central banks in the Eurosystem. The models include a financial accelerator...