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The financial accelerator in the euro area : new evidence using a mixture VAR model

Bennani, Hamza; Burgard, Jan Pablo; Neuenkirch, Matthias - 2021 - This Version: July 22, 2021

We estimate a logit mixture vector autoregressive model describing monetary policy transmission in the euro area over …, this provides further evidence for a financial accelerator in the euro area. Finally, the detrimental effect of credit …

Persistent link: https://www.econbiz.de/10012320523

The financial accelerator in the euro area : new evidence using a mixture VAR model

Bennani, Hamza; Neuenkirch, Matthias - 2020

Persistent link: https://www.econbiz.de/10012383710

The financial accelerator in the euro area : new evidence using a mixture VAR model

Bennani, Hamza; Burgard, Jan Pablo; Neuenkirch, Matthias - 2021 - First draft: November 23, 2020 ; this version: May 17, 2021

We estimate a logit mixture vector autoregressive model describing monetary policy transmission in the euro area over … the crisis state, this provides further evidence for a financial accelerator in the euro area. Finally, the detrimental …

Persistent link: https://www.econbiz.de/10013328355

Credit market shocks, monetary policy, and economic fluctuations

Ortiz, Alberto - In: Monetaria : English edition 1 (2013) 2, pp. 317-369

Persistent link: https://www.econbiz.de/10011521482

Chapter 21 The financial accelerator in a quantitative business cycle framework

Bernanke, Ben S.; Gertler, Mark; Gilchrist, Simon - In: Handbook of macroeconomics : volume 1, part C, (pp. 1341-1393). 1999

This chapter develops a dynamic general equilibrium model that is intended to help clarify the role of credit market frictions in business fluctuations, from both a qualitative and a quantitative standpoint. The model is a synthesis of the leading approaches in the literature. In particular, the...

Persistent link: https://www.econbiz.de/10014024219