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A stock-flow approach to a general theory of pricing
Pilkington, Philip - 2013
The paper seeks to lay out a stock-flow-based theoretical framework that provides a foundation for a general theory of … properly general theory of pricing that can be applied to any market - whether financial, real, or a real market that has been …
Persistent link: https://www.econbiz.de/10010211946
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Stock prices and monetary policy shocks : a general equilibrium approach
Challe, Edouard; Giannitsarou, Chryssi - In: Journal of economic dynamics & control 40 (2014), pp. 46-66
Persistent link: https://www.econbiz.de/10010424449
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Asset prices, collateral, and unconventional monetary policy in a DSGE model
Hilberg, Björn; Hollmayr, Josef - 2013
bank can stabilize all variables at the cost of higher inflation and that macroeconomic volatility is smallest if the …
Persistent link: https://www.econbiz.de/10010192797
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Monetary policy and stock market boom-bust cycles
Christiano, Lawrence J.; Ilut, Cosmin; Motto, Roberto - 2008
and employment all rise and then crash) in response to such a news shock, in a standard real business cycle model. However … a welfare-reducing boom-bust cycle in response to a news shock. We explore the possibility that integrating credit …
Persistent link: https://www.econbiz.de/10003803289
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Asset prices, collateral and unconventional monetary policy in a DSGE model
Hilberg, Björn; Hollmayr, Josef - 2011
In this paper we set up a New-Keynesian model that features an interbank market. The introduction of an interbank market is important to analyze liquidity problems among heterogenous agents within the financial sector. First, because this allows for a situation where increased liquidity supply...
Persistent link: https://www.econbiz.de/10009380435
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Asset Prices, Collateral, and Unconventional Monetary Policy in a DSGE Model
Hilberg, Björn - 2016
bank can stabilize all variables at the cost of higher inflation and that macroeconomic volatility is smallest if the …
Persistent link: https://www.econbiz.de/10012988760
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Asset Prices, Collateral and Unconventional Monetary Policy in a DSGE Model
Hilberg, Björn - 2011
In this paper we set up a New-Keynesian model that features an interbank market. The introduction of an interbank market is important to analyze liquidity problems among heterogenous agents within the financial sector. First, because this allows for a situation where increased liquidity supply...
Persistent link: https://www.econbiz.de/10013121427
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The equity price channel in a New-Keynesian DSGE model with financial frictions and banking
Hollander, Hylton; Liu, Guangling - In: Economic modelling 52 (2016), pp. 375-389
Persistent link: https://www.econbiz.de/10011642791
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Time variation in macro-financial linkages
Prieto, Esteban; Eickmeier, Sandra; Marcellino, Massimiliano - 2013
We analyze the contribution of credit spread, house and stock price shocks to GDP growth in the US based on a Bayesian VAR with time-varying parameters estimated over 1958-2012. Our main findings are: (i) The contribution of financial shocks to GDP growth fluctuates from about 20 percent in...
Persistent link: https://www.econbiz.de/10009739598
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Time Variation in Macro-Financial Linkages
Prieto, Esteban - 2016
We analyze the contribution of credit spread, house and stock price shocks to GDP growth in the US based on a Bayesian VAR with time-varying parameters estimated over 1958-2012. Our main findings are: (i) The contribution of financial shocks to GDP growth fluctuates from about 20 percent in...
Persistent link: https://www.econbiz.de/10012988788