Financial Frictions and Sources of Business Cycle is popular PDF and ePub book, written by Marzie Taheri Sanjani in 2014-10-23, 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 Frictions and Sources of Business Cycle can be Read Online from any device for your convenience.
Financial Frictions and Sources of Business Cycle Book PDF Summary
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.
Detail Book of Financial Frictions and Sources of Business Cycle PDF
- Author : Marzie Taheri Sanjani
- Release : 23 October 2014
- Publisher : International Monetary Fund
- ISBN : 9781498320757
- Genre : Business & Economics
- Total Page : 33 pages
- Language : English
- PDF File Size : 14,5 Mb
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