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, and where industry structure (number of varieties and allocation of capital stock across industries) is fixed. We … Industrie in der EU übertrug sich auf die damit verbundenen Branchen in Österreich. Die österreichische Wirtschaft konnte eine … Industrie einen weniger negativen Einfluss auf die österreichische Wirtschaft ausgeübt zu haben. …
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geographies and industries, and a third one more focused on retail clients and communities. Given the EU's openness and size, the …
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Recent events in financial markets have underlined the importance of analyzing the link between the financial health of banks and real economic activity. This paper contributes to this analysis by constructing a dynamic general equilibrium model in which the balance sheet of banks affects the...
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The author proposes a micro-founded framework that incorporates an active banking sector into a dynamic stochastic general-equilibrium model with a financial accelerator. He evaluates the role of the banking sector in the transmission and propagation of the real effects of aggregate shocks, and...
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