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The Good, the bad, and the ugly : an inquiry into the causes and nature of credit cycles
Matsuyama, Kiminori (contributor) - 2004
finance. With a low net worth, the Good competes with the Ugly, creating the credit multiplier effect; with a high net worth … ; credit multiplier effect ; credit reversal effect ; endogenous credit cycles ; nonlinear dynamics ; chaos ; flip and tangent …
Persistent link: https://www.econbiz.de/10003778871
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On the macroeconomic implications of firm dynamics, banking, and reputation
Totzek, Alexander - 2011
Since the publication of Keynes' "General Theory of Employment, Interest, and Money" in 1936 many new ideas and solution concepts for macroeconomic problems emerged, disappeared, and were combined in order to appropriately describe macroeconomic phenomena. Nowadays, New Keynesian frameworks are...
Persistent link: https://www.econbiz.de/10008907265
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Fiscal policies and credit regimes : a TVAR approach
Ferraresi, Tommaso; Roventini, Andrea; Fagiolo, Giorgio - In: Journal of applied econometrics 30 (2015) 7, pp. 1047-1072
Persistent link: https://www.econbiz.de/10011431724
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Fiscal policies and credit regimes : a TVAR approach
Ferraresi, Tommaso; Roventini, Andrea; Fagiolo, Giorgio - 2013
In the present work we investigate how the state of credit markets non-linearly affects the impact of fiscal policies. We estimate a Threshold Vector Autoregression (TVAR) model on U.S quarterly data for the period 1984-2010. We employ the spread between BAA-rated corporate bond yield and...
Persistent link: https://www.econbiz.de/10009702294
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Fiscal policies and credit regimes : a TVAR approach
Ferraresi, Tommaso; Roventini, Andrea; Fagiolo, Giorgio - 2013
Persistent link: https://www.econbiz.de/10009713770
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What drives fiscal multipliers? : the role of private wealth and debt
Gechert, Sebastian; Mentges, Rafael - 2013
We show that fiscal multiplier estimations may be biased by movements in asset and credit markets, as they facilitate …
Persistent link: https://www.econbiz.de/10010201633
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How do financial frictions affect the spending multiplier during a liquidity trap?
Carrillo, Julia A.; Poilly, Céline - 2012
Persistent link: https://www.econbiz.de/10009520967
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The good, the bad, and the ugly : an inquiry into the causes and nature of credit cycles
Matsuyama, Kiminori - 2004
Persistent link: https://www.econbiz.de/10002469485
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Good and bad investment : an inquiry into the causes of credit cycles
Matsuyama, Kiminori - 2001
Persistent link: https://www.econbiz.de/10001659129
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Fiscal Policies and Credit Regimes : A TVAR Approach
Ferraresi, Tommaso - 2014
In the present work we investigate how the state of credit markets non-linearly affects the impact of fiscal policies. We estimate a Threshold Vector Autoregression (TVAR) model on U.S quarterly data for the period 1984-2010. We employ the spread between BAA-rated corporate bond yield and...
Persistent link: https://www.econbiz.de/10013064619