Aysun, Uluc; Brady, Ryan R.; Honig, Adam - 2009
credit channel of monetary policy. First, we use a DSGE model characterized by
financial frictions as in Bernanke, Gertler … credit (c.f. Bernanke and Gertler, 1995, for a review of the
credit channel). These channels have been widely incorporated … for
example the financial accelerator model of Bernanke, Gertler and Gilchrist (1999), hereafter
BGG). A key result from …