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Financial shocks and economic activity in the Netherlands
Antony, Jürgen; Broer, Dirk Peter - 2013
Persistent link: https://www.econbiz.de/10010389067
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Collateral versus Lending Relationships : shocks to small business credit in the Great Recession
Patnaik, Megha - 2022
Persistent link: https://www.econbiz.de/10012806550
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Propagation of export shocks : the great recession in Japan
Mukoyama, Toshihiko; Nakakuni, Kanato; Nirei, Makoto - 2024
Persistent link: https://www.econbiz.de/10014515753
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Monetary policy and the financing of firms
De Fiore, Fiorella; Teles, Pedro; Tristani, Oreste - 2009
Persistent link: https://www.econbiz.de/10003879823
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Monetary policy and the financing of firms
De Fiore, Fiorella; Teles, Pedro; Tristani, Oreste - 2009
How should monetary policy respond to changes in financial conditions? In this paper we consider a simple model where firms are subject to idiosyncratic shocks which may force them to default on their debt. Firms’ assets and liabilities are denominated in nominal terms and predetermined when...
Persistent link: https://www.econbiz.de/10003969263
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Financial sector shocks, external finance premium and business cycle
Zhang, Hongru - 2011 - Preliminary
funds from households to entrepreneurs subject to a well defined loan production function. The loan productivity shock is … treated as the supply side financial disturbance. Together with NT.s net worth shock that resembles the credit demand … simultaneous contraction of entrepreneurial net wealth. This new introduced shock has significant explanatory power for the …
Persistent link: https://www.econbiz.de/10008908881
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Two flaws in business cycle accounting
Christiano, Lawrence J. (contributor);  … - 2006
"Using "business cycle accounting" (BCA), Chari, Kehoe and McGrattan (2006) (CKM) conclude that models of financial frictions which create a wedge in the intertemporal Euler equation are not promising avenues for modeling business cycle dynamics. There are two reasons that this conclusion is not...
Persistent link: https://www.econbiz.de/10003394237
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Asymmetric information in credit markets, bank leverage cycles and macroeconomic dynamics
Rannenberg, Ansgar - 2012
Persistent link: https://www.econbiz.de/10009765952
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Asymmetric information in credit markets, bank leverage cycles and macroeconomic dynamics
Rannenberg, Ansgar - 2012 - This version: 15/11/2011
I add a moral hazard problem between banks and depositors as in Gertler and Karadi (2009) to a DSGE model with a costly state verification problem between entrepreneurs and banks as in Bernanke et al. (1999) (BGG). This modification amplifies the response of the external finance premium and the...
Persistent link: https://www.econbiz.de/10009664958
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Persistent productivity decline due to corporate default
Kobayashi, Keiichiro - 2012
Persistent link: https://www.econbiz.de/10009618578