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Assessing macro-financial linkages : a model comparison exercise
Gerke, Rafael; Jonsson, Magnus; Kliem, Martin; Kolasa, … - 2012
which incorporate such linkages. The financial frictions typically considered are the financial accelerator mechanism … Constraints ; Financial Accelerator ; Model Comparison ; Eurosystem central bank models …
Persistent link: https://www.econbiz.de/10009509093
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Monetary policy and large crises in a financial accelerator agent-based model
Giri, Federico; Riccetti, Luca; Russo, Alberto; … - 2016
the implementation of an Agent Based Model with a financial accelerator mechanism we are able to study the relationship …
Persistent link: https://www.econbiz.de/10011509432
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Monetary Policy and Large Crises in a Financial Accelerator Agent-Based Model
Giri, Federico - 2019
the implementation of an Agent Based Model with a financial accelerator mechanism we are able to study the relationship …
Persistent link: https://www.econbiz.de/10012903445
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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
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The Equity Premium and the Financial Accelerator
Huh, Sungjun - 2017
This paper investigates the amplification mechanism of the financial accelerator on the equity premium in a production … recursive preferences is developed. I find that the financial accelerator is a very plausible and new amplification mechanism … for risk premia in the model. In the benchmark setting, the financial accelerator increases the equity premium by 46 basis …
Persistent link: https://www.econbiz.de/10012950005
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The Information Driven Financial Accelerator
Falato, Antonio - 2020
Imperfect information in credit markets is a quantitatively important source of macroeconomic fragility. We calibrate a dynamic model with uninformed debt investors. A deterioration in the profit outlook makes investors pessimistic about firm creditworthiness. In turn, firms perceive that debt...
Persistent link: https://www.econbiz.de/10012847438
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The Empirical Performance of the Financial Accelerator Since 2008
Boehl, Gregor; Strobel, Felix - 2022
We use nonlinear Bayesian methods to evaluate the performance of financial frictions á la Bernanke et al. (1999) during and after the Global Financial Crisis. We find that, despite the attention received in the literature, including these frictions in the canonical medium-scale DSGE model does...
Persistent link: https://www.econbiz.de/10013405102
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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
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Time-varying volatility, financial intermediation and monetary policy
Eickmeier, Sandra; Metiu, Norbert; Prieto, Esteban - 2016
of monetary policy can be linked to weaker responses of credit costs, suggesting a financial accelerator mechanism that … more sensitive to aggregate shocks and the financial accelerator more effective. On the contrary, in high volatility … periods, banks decrease leverage, which renders the financial accelerator less effective; this in turn decreases the ability …
Persistent link: https://www.econbiz.de/10011479073
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The Financial Accelerator, Wages, and Optimal Monetary Policy
König, Tobias - 2020
-model with financial frictions and an endogenous financial accelerator mechanism. Third, I investigate how perfect and imperfect …
Persistent link: https://www.econbiz.de/10012836922