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Credit constraints, firms' precautionary investment, and the business cycle
Pérez, Ander - In: Journal of monetary economics 78 (2016), pp. 112-131
Persistent link: https://www.econbiz.de/10011709292
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Financial frictions and the real economy
Pietrunti, Mario - 2017
This paper investigates in a non-linear setting the impact on the real economy of frictions stemming from the financial sector. We develop a medium scale DSGE model with a banking sector where an occasionally binding constraint on banks' capital induces a relevant non-linearity. The model -...
Persistent link: https://www.econbiz.de/10011976236
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Financial shocks to banks, R&D investment, and recessions
Ohdoi, Ryoji - 2023 - This version: June 3, 2023
Persistent link: https://www.econbiz.de/10014293118
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Financial shocks to banks, R&D investment, and recessions
Ohdoi, Ryoji - In: Macroeconomic dynamics 28 (2024) 5, pp. 999-1022
Persistent link: https://www.econbiz.de/10015055129
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Investment shocks and consumption
Furlanetto, Francesco; Seneca, Martin - In: European economic review : EER 66 (2014), pp. 111-126
Persistent link: https://www.econbiz.de/10010423084
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Business cycles in small developed and middle income economies : the role of external shocks and financial frictions
Guajardo, Jaime - 2006
Persistent link: https://www.econbiz.de/10009269078
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Consumption heterogeneity, employment dynamics and macroeconomic co-movement
Eusepi, Stefano; Preston, Bruce - In: Journal of monetary economics 71 (2015), pp. 13-32
Persistent link: https://www.econbiz.de/10011381562
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Financial Frictions and the Real Economy
Pietrunti, Mario - 2021
This paper investigates in a non-linear setting the impact on the real economy of frictions stemming from the financial sector. We develop a medium scale DSGE model with a banking sector where an occasionally binding constraint on banks’ capital induces a relevant non-linearity. The model -...
Persistent link: https://www.econbiz.de/10013248861
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Financial frictions : micro vs. macro volatility
Faccini, Renato; Lee, Seungcheol; Luetticke, Ralph; … - 2024
Consumer credit spreads significantly impact consumption and asset dynamics, affecting indebted households' spending behavior and the income sensitivity of consumption. Analyzing Danish data, we find that elevated credit spreads reduce consumption of indebted households. Our results suggest that...
Persistent link: https://www.econbiz.de/10014480275
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Securitization and aggregate investment efficiency
Mirza, Afrasiab; Stephens, Eric - 2016
, which enables increased leverage and investment. In the absence of frictions in the securitization process, we show that the … required to repay debt and finance new investments when the economy is hit by a negative shock. Moreover, the equilibrium may … be constrained inefficient due to the existence of a pecuniary externality that can result in over or under-investment …
Persistent link: https://www.econbiz.de/10012010374