Modelling financial frictions - Centre for Central Banking Studies
This three-day seminar introduces participants to some of the key related concepts and shows how they can be studied in a dynamic stochastic general equilibrium setup. To build an understanding of the implications of financial frictions for business cycle fluctuations and monetary policy, theoretical sessions will be followed by hands-on exercises — equipping participants with the skills necessary to develop and use such models in their work. The topics covered are likely to include: - an overview of aspects of the data justifying an analysis of financial frictions; - different ways of deviating from the frictionless benchmark: – costly state verification – collateral constraints – costly enforcement - models of financial intermediation; and - financial frictions and the monetary transmission mechanism.
|Event dates:||2014-02-17 – 2014-02-19|
|Organizers:||Centre for Central Banking Studies, Bank of England|
|Classification:||C6 - Mathematical Methods and Programming ; E5 - Monetary Policy, Central Banking and the Supply of Money and Credit ; G1 - General Financial Markets ; G2 - Financial Institutions and Services|
|Event type:||Seminare, Summer Schools, Symposien, Workshops; Seminars, Summer Schools, Symposiums, Workshops|