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The Costs of Macroprudential Deleveraging in a Liquidity Trap
Chen, Jiaqian - 2020
We examine the effects of various borrower-based macroprudential tools in a New Keynesian environment where both real and nominal interest rates are low. Our model features long-term debt, housing transaction costs and a zero-lower bound constraint on policy rates. We find that the long-term...
Persistent link: https://www.econbiz.de/10012828224
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The costs of macroprudential deleveraging in a liquidity trap
Chen, Jiaqian; Finocchiaro, Daria; Lindé, Jesper; … - 2020
We examine the effects of various borrower-based macroprudential tools in a New Keynesian environment where both real and nominal interest rates are low. Our model features long-term debt, housing transaction costs and a zero-lower bound constraint on policy rates. We find that the long-term...
Persistent link: https://www.econbiz.de/10012251966
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Three essays on estimation of policy disturbances
Reicher, Christopher Phillip - 2008
Persistent link: https://www.econbiz.de/10011574206
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The costs of macroprudential deleveraging in a liquidity trap
Chen, Jiaqian; Finocchiaro, Daria; Lindé, Jesper; … - In: Review of economic dynamics 51 (2023), pp. 991-1011
Persistent link: https://www.econbiz.de/10014472441
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The costs of macroprudential deleveraging in a liquidity trap
Lindé, Jesper; Finocchiaro, Daria; Walentin, Karl; … - 2020
Persistent link: https://www.econbiz.de/10012220323
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Time-varying risk shocks and the zero lower bound
Strobel, Johannes; Lee, Gabriel S.; Salyer, Kevin Duff - 2019
accelerator model, time varying risk shocks, and a zero lower bound on the nominal interest rate. The amplification mechanism … results from a portfolio re-balancing from households, who reduce capital investment in favor of risk-free bonds. Consequently …
Persistent link: https://www.econbiz.de/10012231163
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The nonlinear effects of uncertainty shocks
Jackson, Laura; Kliesen, Kevin L.; Owyang, Michael T. - 2018
Persistent link: https://www.econbiz.de/10011950514
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Essays in international macroeconomics
Scholl, Almuth - 2006
Persistent link: https://www.econbiz.de/10003315521
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Managing macrofinancial risk
Adrian, Tobias; Vitek, Francis - 2020
We augment a linearized dynamic stochastic general equilibrium (DSGE) model with a tractable endogenous risk mechanism … their conditional distributions. In particular, the model matches the key stylized facts of growth at risk. Accounting for …
Persistent link: https://www.econbiz.de/10012300643
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Risk and uncertainty : the role of financial frictions
Higgins, C. Richard - In: Economic modelling 119 (2023), pp. 1-23
Persistent link: https://www.econbiz.de/10014249482