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Credit Channel and Business Cycle : The Role of Tax Evasion

Chiarini, Bruno - 2018

margin of flexibility in coping with adverse shocks. In this setting, we simulate a risk shock that propagates its effects in … 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 …

Persistent link: https://www.econbiz.de/10012910934

Investment shocks, tax evasion and the consumption puzzle : a DSGE analysis with financial frictions

Chiarini, Bruno; Ferrara, Maria; Marzano, Elisabetta - 2016

explaining the consumption path after a Marginal Efficiency of Investment shock. We use an otherwise standard medium-scale New …

Persistent link: https://www.econbiz.de/10011515322

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

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

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

Tax evasion and financial accelerator : a corporate sector analysis for the US business cycle

Chiarini, Bruno; Ferrara, Maria; Marzano, Elisabetta - In: Economic modelling 108 (2022), pp. 1-12

Persistent link: https://www.econbiz.de/10013347972

Credit Channel and Business Cycle: The Role of Tax Evasion

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

Persistent link: https://www.econbiz.de/10011931919

Towards technology-news-driven business cycles

Di Casola, Paola; Sichlimiris, Spyridon - 2018

We identify an inflationary technology news shock as the leading source of business cycle variations for the postwar U ….S. economy. This shock acts like a demand shock: it induces strong positive comovement in real quantities - GDP, consumption … technological innovations reduce inflation. The technology news shock became the predominant source of the business cycle from the …

Persistent link: https://www.econbiz.de/10011930326

Business cycle implications of mortgage spreads

Walentin, Karl - 2014 - September 2013 (Updated March 2014)

How do aggregate quantities at the business cycle frequency respond to shocks to the spread between residential mortgage rates and government bonds? Using a structural VAR approach, we find that mortgage spread shocks impact the real economy by both economically and statistically significant...

Persistent link: https://www.econbiz.de/10010202977

Financial Shocks and the Real Economy in a Nonlinear World : A Survey of the Theoretical and Empirical Literature

Silvestrini, Andrea - 2015

In this paper we present an overview of theoretical and empirical contributions exploring the inter-linkages between financial factors and real economic activity. We first revisit the main theoretical approaches that allow financial frictions to be embedded into general equilibrium models, and...

Persistent link: https://www.econbiz.de/10013024293