De Fiore, Fiorella; Uhlig, Harald - European Central Bank - 2005
the endogenous financial structure of the economy. The calibrated model is used to address questions such as: What … explains differences in the financial structure of the US and the euro area? What are the implications of these differences for … quantify the effect of differences in the financial structure on per-capita GDP. JEL Classification: E20, E44, C68 …