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Christiano, Lawrence J. (contributor); … - 2002 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001676634

Christiano, Lawrence J.; Gust, Christopher; Roldos, Jorge E. - 2021

What are the economic effects of an interest rate cut when an economy is in the midst of a financial crisis? Under what … ffects? We answer these questions in a general class of open economy models, where a financial crisis is modeled as a time … the traded good sector and in adjusting the rate at which that output can be used in other parts of the economy, then a …

Persistent link: https://www.econbiz.de/10013248087

Government Policy, Credit Markets and Economic Activity

Christiano, Lawrence J. - 2011

The US government has recently conducted large scale purchases of assets and implemented policies that reduced the cost of funds to financial institutions. Arguably these policies have helped to correct credit market dysfunctions, allowing interest rate spreads to shrink and output to begin a...

Persistent link: https://www.econbiz.de/10013123690

Prudential monetary policy

Caballero, Ricardo J.; Simsek, Alp - 2019

Persistent link: https://www.econbiz.de/10012179375

Can the Covid Bailouts Save the Economy?

Elenev, Vadim - 2020

The covid-19 crisis has led to a sharp deterioration in firm and bank balance sheets. The government has responded with a massive intervention in corporate credit markets. We study equilibrium dynamics of macroeconomic quantities and prices, and how they are affected by government policy. The...

Persistent link: https://www.econbiz.de/10012833129

A Macroeconomic Model with Financially Constrained Producers and Intermediaries

Elenev, Vadim - 2018

How much capital should financial intermediaries hold? We propose a general equilibrium model with a financial sector that makes risky long-term loans to firms, funded by deposits from savers. Government guarantees create a role for bank capital regulation. The model captures the sharp and...

Persistent link: https://www.econbiz.de/10012916163

Emerging and developing economies : ten years after the global recession

Kose, M. Ayhan; Ohnsorge, Franziska - 2020 - This revision 13 February 2020

Persistent link: https://www.econbiz.de/10012210181

Can the Covid bailouts save the economy?

Nieuwerburgh, Stijn van; Landvoigt, Tim; Elenev, Vadim - 2020

Persistent link: https://www.econbiz.de/10012216516

The Simple Analytics of Monetary Policy : A Post-Crisis Approach

Friedman, Benjamin M. - 2013

The standard workhorse models of monetary policy now commonly in use, both for teaching macroeconomics to students and for supporting policymaking within many central banks, are incapable of incorporating the most widely accepted accounts of how the 2007-9 financial crisis occurred and incapable...

Persistent link: https://www.econbiz.de/10013083392

Optimal Monetary Policy in a 'Sudden Stop'

Braggion, Fabio - 2010

In the wake of the 1997-98 financial crises, interest rates in Asia were raised immediately, and then reduced sharply. We describe an environment in which this is the optimal monetary policy. The optimality of the immediate rise in the interest rate is an example of the theory of the second...

Persistent link: https://www.econbiz.de/10012759929