Showing 1 - 10 of 22
Persistent link: https://www.econbiz.de/10003774555
Persistent link: https://www.econbiz.de/10002685179
Persistent link: https://www.econbiz.de/10003574381
The US Federal Reserve cut interest rates more vigorously in the recent recession than the European Central Bank did. By comparison with the Fed, the ECB followed a more measured course of action. We use an estimated dynamic general equilibrium model with financial frictions to show that...
Persistent link: https://www.econbiz.de/10003507027
"Using "business cycle accounting" (BCA), Chari, Kehoe and McGrattan (2006) (CKM) conclude that models of financial frictions which create a wedge in the intertemporal Euler equation are not promising avenues for modeling business cycle dynamics. There are two reasons that this conclusion is not...
Persistent link: https://www.econbiz.de/10003394237
Persistent link: https://www.econbiz.de/10010380674
Persistent link: https://www.econbiz.de/10010193839
Persistent link: https://www.econbiz.de/10003389661
Persistent link: https://www.econbiz.de/10003390608
Persistent link: https://www.econbiz.de/10002542774