Arend, Mario (2010): Financial Shocks, Financial Frictions and Financial Intermediaries in DSGE Models: Comments on the Recent Literature.
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The aim of this work is to compare and contrast different ways of modeling financial shocks and financial intermediaries in the Dynamic Stochastic General Equilibrium models (DSGE models) and to discuss the empirical evidence on the importance of modeling financial sector and financial shocks in the economy. The analysis is based on four papers on the matter Jerman and Quiadrini (2009),Christiano, Motto and Rostagno (2006), Goodfriend and McCallum (2007), and Gertler and Kiyotaki (2009)
|Item Type:||MPRA Paper|
|Original Title:||Financial Shocks, Financial Frictions and Financial Intermediaries in DSGE Models: Comments on the Recent Literature|
|Keywords:||Financial frictions; Financial Intermediaries; Financial shocks; DSGE models.|
|Subjects:||E - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit
E - Macroeconomics and Monetary Economics > E4 - Money and Interest Rates > E44 - Financial Markets and the Macroeconomy
E - Macroeconomics and Monetary Economics > E4 - Money and Interest Rates
E - Macroeconomics and Monetary Economics > E3 - Prices, Business Fluctuations, and Cycles
|Depositing User:||Mario Arend|
|Date Deposited:||28. May 2010 18:38|
|Last Modified:||16. Feb 2013 07:06|
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