Financial Crises in DSGE Models is popular PDF and ePub book, written by Mr.Jaromir Benes in 2014-04-04, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Financial Crises in DSGE Models can be Read Online from any device for your convenience.
Financial Crises in DSGE Models Book PDF Summary
This paper presents the theoretical structure of MAPMOD, a new IMF model designed to study vulnerabilities associated with excessive credit expansions, and to support macroprudential policy analysis. In MAPMOD, bank loans create purchasing power that facilitates adjustments in the real economy. But excessively large and risky loans can impair balance sheets and sow the seeds of a financial crisis. Banks respond to losses through higher spreads and rapid credit cutbacks, with adverse effects for the real economy. These features allow the model to capture the basic facts of financial cycles. A companion paper studies the simulation properties of MAPMOD.
Detail Book of Financial Crises in DSGE Models PDF
- Author : Mr.Jaromir Benes
- Release : 04 April 2014
- Publisher : International Monetary Fund
- ISBN : 9781475540895
- Genre : Business & Economics
- Total Page : 59 pages
- Language : English
- PDF File Size : 14,8 Mb
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