Financial frictions in macroeconomic models

Alfred Duncan and Charles Nolan

In this chapter we: (i) Review the core DSGE workhorse models of financial frictions that existed ahead of the recent financial crisis. (ii) Summarize the recent empirical literature on the history of financial crises. (iii) Summarize the key modelling developments around credit intermediation in DSGE models since the crisis. (iv) Identify gaps in the literature that are especially important for policymakers and modelers.

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Year of publication:	[2017]
Authors:	Duncan, Alfred ; Nolan, Charles
Publisher:	Canterbury, Kent : School of Economics, Keynes College, University of Kent
Subject:	Financial Frictions \| Credit Intermediation \| Macroeconomics \| Makroökonomik \| Theorie \| Theory \| Finanzmarkt \| Financial market \| Kreditmarkt \| Credit market \| Finanzintermediation \| Financial intermediation

Extent:	1 Online-Ressource (circa 46 Seiten) Illustrationen
Series:	Discussion papers / University of Kent, School of Economics. - Canterbury : [Verlag nicht ermittelbar], ZDB-ID 2196631-X. - Vol. KDPE 1719 (December 2017)
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Graue Literatur ; Non-commercial literature ; Arbeitspapier ; Working Paper
Language:	English
Other identifiers:	hdl:10419/189909 [Handle]
Classification:	E32 - Business Fluctuations; Cycles ; E44 - Financial Markets and the Macroeconomy
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10011774998