Financial Frictions and Sources of Business Cycle
Author:   Marzie Taheri Sanjani
Publisher:   International Monetary Fund
ISBN:  

9781322333403


Pages:   34
Publication Date:   01 January 2014
Format:   Electronic book text
Availability:   In stock   Availability explained
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Financial Frictions and Sources of Business Cycle


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Overview

This paper estimates a New Keynesian DSGE model with an explicit financial intermediary sector. Having measures of financial stress, such as the spread between lending and borrowing, enables the model to capture the impact of the financial crisis in a more direct and efficient way. The model fits US post-war macroeconomic data well, and shows that financial shocks play a greater role in explaining the volatility of macroeconomic variables than marginal efficiency of investment (MEI) shocks.

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Author:   Marzie Taheri Sanjani
Publisher:   International Monetary Fund
Imprint:   International Monetary Fund
ISBN:  

9781322333403


ISBN 10:   1322333408
Pages:   34
Publication Date:   01 January 2014
Audience:   General/trade ,  General
Format:   Electronic book text
Publisher's Status:   Active
Availability:   In stock   Availability explained
We have confirmation that this item is in stock with the supplier. It will be ordered in for you and dispatched immediately.

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