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Banks, credit market frictions, and business cycles

Dib, Ali - 2010

general-equilibrium model with a financial accelerator. He evaluates the role of the banking sector in the transmission and …

Persistent link: https://www.econbiz.de/10008695487

Bank capital regulation, the lending channel and business cycles

Zhang, Longmei - 2009

This paper develops a Dynamic Stochastic General Equilibrium (DSGE) model to study how the instability of the banking sector can amplify and propagate business cycles. The model builds on Bernanke, Gertler and Gilchrist (BGG) (1999), who consider credit demand friction due to agency cost, but it...

Persistent link: https://www.econbiz.de/10003915191

Banks, oligopolistic competition, and the business cycle : a new financial accelerator approach

Totzek, Alexander - 2011

financial accelerator model of Bernanke et al. [Bernanke, B., Gertler, M., Gilchrist, S., 1999. The financial accelerator in a … competition ; Bank entry ; Financial accelerator …

Persistent link: https://www.econbiz.de/10008821968

Capital requirement and financial frictions in banking: Macroeconomic implications

Dib, Ali - 2010

accelerator, and financial frictions in the interbank and bank capital markets. He investigates the importance of banking sector …

Persistent link: https://www.econbiz.de/10010280036

Chapter 21 The financial accelerator in a quantitative business cycle framework

Bernanke, Ben S.; Gertler, Mark; Gilchrist, Simon - In: Handbook of macroeconomics : volume 1, part C, (pp. 1341-1393). 1999

leading approaches in the literature. In particular, the framework exhibits a “financial accelerator”, in that endogenous … financial accelerator has a significant influence on business cycle dynamics. …

Persistent link: https://www.econbiz.de/10014024219

Credit channel and business cycle : the role of tax evasion

Chiarini, Bruno; Ferrara, Maria; Marzano, Elisabetta - 2018

accelerator. For this purpose, we assume that financially constrained agents are tax evaders, taking advantage of an additional … the credit channel via the financial accelerator mechanism. The results show that tax evasion is pro cyclical and … strengthens the effects of the financial accelerator. Unlike the standard literature, in which tax evasion cushions business cycle …

Persistent link: https://www.econbiz.de/10011882444

Confidence and the financial accelerator

Myohl, Christian; Stucki, Yannic - 2018

We introduce financial frictions in the spirit of Bernanke, Gertler, and Gilchrist (1999) into a standard RBC model and use the heterogeneous-prior framework of Angeletos, Collard, and Dellas (2018) to accommodate confidence-driven business cycle fluctuations. We show that financial frictions...

Persistent link: https://www.econbiz.de/10011961330

Asymmetric Information in Credit Markets, Bank Leverage Cycles and Macroeconomic Dynamics

Rannenberg, Ansgar - 2012

I add a moral hazard problem between banks and depositors as in Gertler and Karadi (2009) to a DSGE model with a costly state verification problem between entrepreneurs and banks as in Bernanke et al. (1999) (BGG). This modification amplifies the response of the external finance premium and the...

Persistent link: https://www.econbiz.de/10013099227

The External Finance Premium and the Financial Accelerator : The Case of Turkey

Cambazoğlu, Birgül - 2013

as 'financial accelerator'), which affects net worth, liquidity and spending of firms and households through external …

Persistent link: https://www.econbiz.de/10013081195

The financial accelerator and market-based debt instruments : a role for maturities?

Kühl, Michael - 2014

frictions prevail. We modify a standard financial accelerator model à la Bernanke, Gertler, and Gilchrist (1999) and allow for …

Persistent link: https://www.econbiz.de/10010357605