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Risk-Shifting, Concentration Risk and Heterogeneous Borrowers

Fittje, Jens - 2019

This article analyzes the effect of valuations-based capital requirements and concentration risk provisions on the risk-shifting response of the banking sector to monetary easing. It provides a closed economy DSGE model for the Euro zone with costly bank capital and two heterogeneous borrowers....

Persistent link: https://www.econbiz.de/10012864558

Turkiye Icin Para Bazi Ve Parasal Denetim Model Denemesi (Monetary Base Analysis and Control Model)

Gursel, Haluk Ferden - 2019

Turkish Abstract: Bu metin, bugün dahi gecerli olan ve zaman içerisinde daha da gelistirilmis bulunan, örneğin halen Uluslararası Para Fonu (IMF) tarafından kullanılan, para bazı analizi ve parasal kontrol modeli üzerine yapilmis ilk araştırmalardandır.Çalısmada para bazı...

Persistent link: https://www.econbiz.de/10012891834

A Monetary Base Analysis and Control Model

Gursel, Haluk Ferden - 2019

This report is one of the first studies discussing monetary base analysis and control model, a concept even today is alive and more developed by, for example, by IMF to use its analysis. The study presents monetary base approach to control of money flows and the links between monetary base,...

Persistent link: https://www.econbiz.de/10012892419

Confidence and financial crisis in a post-Keynesian stock flow consistent model

Le Heron, Edwin - In: Intervention. European Journal of Economics and … 08 (2011) 2, pp. 361-387

The paper aims at showing that one of the main channels by which the US 2007 financial crisis became a real and global economic crisis is the 'confidence channel', i.e. that the financial crisis affected firms, banks and households' expectations and confidence, thus leading to what they were...

Persistent link: https://www.econbiz.de/10014363131

Confidence and financial crisis in a post-Keynesian stock flow consistent model

Heron, Edwin Le - In: European Journal of Economics and Economic Policies: … 8 (2011) 2, pp. 361-387

The paper aims at showing that one of the main channels by which the US 2007 financial crisis became a real and global economic crisis is the 'confidence channel', i.e. that the financial crisis affected firms, banks and householdsâ€™ expectations and confidence, thus leading to what they...

Persistent link: https://www.econbiz.de/10011133327

Interactive macroeconomics : a pluralist simulator

Prante, Franz J.; Barmucci, Alessandro; Hein, Eckhard; … - 2019

The aim of our contribution is to present an innovative instrument to teach macroeconomics at the undergraduate and master level. We develop a digital learning platform to present and explore some controversies at the very foundations of macroeconomic theory. For this purpose, we explicitly...

Persistent link: https://www.econbiz.de/10011994508

Doves for the rich, hawks for the poor? : distributional consequences of monetary policy

Gornemann, Nils; Küster, Keith; Nakajima, Makoto - 2016

We build a New Keynesian business-cycle model with rich household heterogeneity. A central feature is that matching frictions render labor-market risk countercyclical and endogenous to monetary policy. Our main result is that a majority of households prefer substantial stabilization of...

Persistent link: https://www.econbiz.de/10011563007

Doves for the Rich, Hawks for the Poor? Distributional Consequences of Monetary Policy

Gornemann, Nils - 2017

Persistent link: https://www.econbiz.de/10013210409

Uncertainty Shocks and Monetary Policy Rules in a Small Open Economy

Gupta, Sargam - 2020

uncertainty. Although the recent literature has recognized adverse real effects of global uncertainty shocks in EMEs, the role of … real) and monetary policy in amplifying/ stabilizing the real effects of global uncertainty shocks in a small open economy …. We reproduce stylized facts showing significant movements in exchange rates when EMEs are hit with a global uncertainty …

Persistent link: https://www.econbiz.de/10012827002

A New-Keynesian DSGE Model for Forecasting the South African Economy

Gupta, Rangan - 2010

This paper develops a New-Keynesian Dynamic Stochastic General Equilibrium (NKDSGE) model for forecasting the growth rate of output, inflation, and the nominal short-term interest rate (91 days Treasury Bill rate) for the South African economy. The model is estimated via maximum likelihood...

Persistent link: https://www.econbiz.de/10013138053