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Is monetary policy always effective? : incomplete interest rate pass-through in a DSGE model
Binning, Andrew; Bjørnland, Hilde Christiane; Maih, Junior - 2019
Persistent link: https://www.econbiz.de/10012175956
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Is monetary policy always effective? : incomplete interest rate pass-through in a DSGE model
Binning, Andrew; Bjørnland, Hilde Christiane; Maih, Junior - 2019
We estimate a regime-switching DSGE model with a banking sector to explain incomplete and asymmetric interest rate pass …
Persistent link: https://www.econbiz.de/10012214427
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Dealing with financial instability under a DSGE modeling approach with banking intermediation : a predictability analysis versus TVP-VARs
Bekiros, Stelios; Cardani, Roberta; Paccagnini, Alessia; … - In: Journal of financial stability 26 (2016), pp. 216-227
Persistent link: https://www.econbiz.de/10011705507
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Dealing with financial instability under a DSGE modeling approach with banking intermediation : a predictability analysis versus TVP-VARs
Bekiros, Stelios; Cardani, Roberta; Paccagnini, Alessia; … - 2016
In the dynamic stochastic general equilibrium (DSGE) literature there has been an increasing aware- ness on the role … that the banking sector can play in macroeconomic activity. We present a DSGE model with financial intermediation as in … crucial in any attempted empirical analysis. Since DSGE modelling usually fails to take into account inherent nonlinearities …
Persistent link: https://www.econbiz.de/10011518833
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Financial (in)stability, supervision and liquidity injections : a dynamic general equilibrium approach
De Walque, Gregory; Pierrard, Olivier; Rouabah, Abdelaziz - 2008
This paper develops a dynamic stochastic general equilibrium model with interactions between an heterogeneous banking sector and other private agents. We introduce endogenous default probabilities for both firms and banks, and allow for bank regulation and liquidity injection into the...
Persistent link: https://www.econbiz.de/10011599187
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An estimated DSGE model with search and matching frictions in the credit market
Liberati, Danilo - In: International journal of monetary economics and finance 11 (2018) 6, pp. 567-617
Persistent link: https://www.econbiz.de/10011998342
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Monetary union, even higher integration, or back to national currencies?
Oikonomidēs, Geōrgios; Philippopulos, Apostolēs; … - 2016
Keynesian DSGE model consisting of two heterogeneous countries. The model is solved using data from Germany and Italy. Our …
Persistent link: https://www.econbiz.de/10011430977
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Equity premium and monetary policy in a model with limited asset market participation
Horváth, Roman; Kaszab, Lorant - 2016
This short paper shows that a New Keynesian model with limited asset market participation can generate a high risk-premium on unlevered equity relative to short-term risk-free bonds and high variability of equity returns driven by monetary policy shocks with zero persistence.
Persistent link: https://www.econbiz.de/10011432126
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Money in a New-Keynesian model estimated with German data
Kremer, Jana; Lombardo, Giovanni; Werner, Thomas - 2003
In this paper we estimate a simple New-Keynesian DSGE model with German data for the sample period 1970:q1 to 1998:q4 …
Persistent link: https://www.econbiz.de/10011432232