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Hörmann, Markus - 2011

Persistent link: https://www.econbiz.de/10009152716

Learning-or-doing in a cash-in-advance economy with costly credit

Hromcová, Jana - In: Journal of economic dynamics & control 32 (2008) 9, pp. 2826-2853

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On the welfare cost of inflation in a New Keynesian model with a cash-in-advance constraint : the case of Iran

Ghafar, Abbas Hoseini; Dastjerdi, Rasul Bakhshi; … - In: Iranian economic review : journal of University of Tehran 23 (2019) 3, pp. 749-768

Persistent link: https://www.econbiz.de/10012153286

A bad-asset theory of financial crises

Kobayashi, Keiichiro - 2011

We propose a simple model of financial crises, which may be useful for the unified analysis of macro and financial policies implemented during the 2008-2009 financial crisis. A financial crisis is modeled as the disappearance of inside money due to the lemon problem à la Akerlof (1970), in a...