Iliopulos, Eleni; Sopraseuth, Thepthida - Centre d'Économie de la Sorbonne, Université Paris 1 … - 2011
In this paper, we review the macroeconomic literature on financial frictions and banking in a dynamic general equilibrium framework. Our work focuses first on the pioneer articles that have analyzed the amplification effects associated to the financial accelerator. We then shift our attention...