Stracca, Livio (contributor) - 2007
inside money shocks on output and inflation. I also simulate the effect of a banking crisis in the model. Moreover, I find … has a well-defined meaning. A calibrated version of the model is shown to generate small, but non-negligible effects of … variables such as output and
inflation;
• Fourth, simulating a banking crisis as a simultaneous increase in the cost of
bank …