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Oligopoly banking, risky investment, and monetary policy

Altermatt, Lukas; Wang, Zijian - University of Essex / Department of Economics - 2021

Persistent link: https://www.econbiz.de/10013162739

Oligopoly Banking, Risky Investment, and Monetary Policy

Altermatt, Lukas; Wang, Zijian - 2021

Oligopolistic competition in the banking sector and risk in the real economy are important characteristics of developed economies, but so far they have mostly been abstracted from monetary models. We build a dynamic general equilibrium model of monetary policy transmission that incorporates both...

Persistent link: https://www.econbiz.de/10013219369

Oligopoly Banking, Risky Investment, and Monetary Policy

Altermatt, Lukas; Wang, Zijian - 2023

Oligopolistic competition in the banking sector and risk in the real economy are important characteristics of many economies. We build a model of monetary policy transmission that incorporates these characteristics which allows us to analyze the long-run consequences of variations in the degree...

Persistent link: https://www.econbiz.de/10014347397

Oligopoly banking, risky investment, and monetary policy

Altermatt, Lukas; Wang, Zijian - In: European economic review : EER 164 (2024), pp. 1-40

Persistent link: https://www.econbiz.de/10015076113

Monetary policy trade-offs with a dominant oil producer

Nakov, Anton; Pescatori, Andrea - In: Journal of money, credit and banking : JMCB 42 (2010) 1, pp. 1-32

Persistent link: https://www.econbiz.de/10003922496

Adjustment is much slower than you think

Caballero, Ricardo J.; Engel, Eduardo - 2003

holds for the microeconomic response of some of the most important economic variables, such as investment, labor demand, and … actual response to shocks is less than half as fast as the estimated response. For investment, labor demand and prices, the …, even after aggregating investment across all establishments in U.S. manufacturing, the estimate of its speed of adjustment …

Persistent link: https://www.econbiz.de/10011609531