Christensen, Ian; Dib, Ali - In: Review of Economic Dynamics 11 (2008) 1, pp. 155-178
This paper estimates and simulates a sticky-price dynamic stochastic general-equilibrium model with a financial accelerator, a la Bernanke, Gertler, and Gilchrist (1999), to assess the importance of the financial accelerator mechanism in fitting the data and its role in the amplification and...
