Showing 1 - 10 of 299
Persistent link: https://www.econbiz.de/10003604679
This paper introduces agent heterogeneity, liquidity, and endogenous default to a DSGE framework. Our model allows for … the economy. Due to liquidity and endogenous default, the transmission mechanism of shocks is well defined, and their …
Persistent link: https://www.econbiz.de/10003923247
Persistent link: https://www.econbiz.de/10012156867
Persistent link: https://www.econbiz.de/10014455477
Persistent link: https://www.econbiz.de/10014247578
Persistent link: https://www.econbiz.de/10011574426
Persistent link: https://www.econbiz.de/10011903809
Persistent link: https://www.econbiz.de/10012127145
the U.S. and Japan across seven sectors. Ignoring parameter heterogeneity results in far riskier credit portfolios. …
Persistent link: https://www.econbiz.de/10003120648
Persistent link: https://www.econbiz.de/10012306236