Similar Search Results

On shadow banking and financial frictions in DSGE modeling

Kirchner, Philipp - 2020

usage of dynamic stochastic general equilibrium (DSGE) models. To capture the nonlinearities of the GFC, these models were … system. We provide a structured review of the strand of literature that considers shadow banking in DSGE setups and draw …

Persistent link: https://www.econbiz.de/10012198325

Banking networks and economic growth: from idiosyncratic shocks to aggregate fluctuations

Kundu, Shohini; Vats, Nishant - 2021

This paper explores the transmission of non-capital shocks through banking networks. We develop a methodology to construct non-capital (idiosyncratic) shocks, using labor productivity shocks to large firms. We document a change in the relationship between foreign idiosyncratic shocks and...

Persistent link: https://www.econbiz.de/10012694566

Financial intermediation, capital accumulation and crisis recovery

Gersbach, Hans; Rochet, Jean-Charles; Scheffel, Martin - 2019 - This Version: December 2019

We integrate bank and bond financing into a two-sector neoclassical growth model to examine the stabilization effect of endogenous bank leverage adjustment. We show that although bank leverage amplifies shocks, the increase of leverage to a decline in bank equity is an automatic stabilizer in...

Persistent link: https://www.econbiz.de/10012134794

On shadow banking and financial frictions in DSGE modeling

Kirchner, Philipp - In: Review of economics 71 (2020) 2, pp. 101-133

Persistent link: https://www.econbiz.de/10012299922

Precautionary liquidity shocks, excess reserves and business cycles

Bratsiotis, George; Theodoridis, Konstantinos - 2020

Persistent link: https://www.econbiz.de/10012793438

Precautionary liquidity shocks, excess reserves and business cycles

Bratsiotis, George; Theodoridis, Konstantinos - 2020

(volatility) dependent effects on the real economy. To understand the transmission of the shock, we develop a DSGE model of …

Persistent link: https://www.econbiz.de/10012483779

News and financial intermediation in aggregate and sectoral fluctuations

Görtz, Christoph; Tsoukalas, John D. - 2012

Persistent link: https://www.econbiz.de/10009660610

Do contractionary monetary policy shocks expand shadow banking?

Nelson, Benjamin F.; Pinter, Gabor; Theodoridis, … - 2015

Persistent link: https://www.econbiz.de/10010497552

Capital controls as a credit policy tool in a small open economy

Kitano, Shigeto; Takaku, Kenya - In: The B.E. journal of macroeconomics 18 (2018) 1, pp. 1-18

Persistent link: https://www.econbiz.de/10011898679

Dealing with financial instability under a DSGE modeling approach with banking intermediation : a predictability analysis versus TVP-VARs

Bekiros, Stelios; Cardani, Roberta; Paccagnini, Alessia; … - 2016

In the dynamic stochastic general equilibrium (DSGE) literature there has been an increasing aware- ness on the role … that the banking sector can play in macroeconomic activity. We present a DSGE model with financial intermediation as in … crucial in any attempted empirical analysis. Since DSGE modelling usually fails to take into account inherent nonlinearities …

Persistent link: https://www.econbiz.de/10011518833