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Investment shocks, tax evasion and the consumption puzzle : a DSGE analysis with financial frictions
Chiarini, Bruno; Ferrara, Maria; Marzano, Elisabetta - 2016
explaining the consumption path after a Marginal Efficiency of Investment shock. We use an otherwise standard medium-scale New …
Persistent link: https://www.econbiz.de/10011515322
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Chapter 21 The financial accelerator in a quantitative business cycle framework
Bernanke, Ben S.; Gertler, Mark; Gilchrist, Simon - In: Handbook of macroeconomics : volume 1, part C, (pp. 1341-1393). 1999
leading approaches in the literature. In particular, the framework exhibits a “financial accelerator”, in that endogenous … financial accelerator has a significant influence on business cycle dynamics. …
Persistent link: https://www.econbiz.de/10014024219
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Tax evasion and financial accelerator : a corporate sector analysis for the US business cycle
Chiarini, Bruno; Ferrara, Maria; Marzano, Elisabetta - In: Economic modelling 108 (2022), pp. 1-12
Persistent link: https://www.econbiz.de/10013347972
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Investment Shocks, Tax Evasion and the Consumption Puzzle : A DSGE Analysis with Financial Frictions
Chiarini, Bruno - 2016
explaining the consumption path after a Marginal Efficiency of Investment shock. We use an otherwise standard medium-scale New …
Persistent link: https://www.econbiz.de/10012984510
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The financial accelerator and market-based debt instruments : a role for maturities?
Kühl, Michael - 2014
frictions prevail. We modify a standard financial accelerator model à la Bernanke, Gertler, and Gilchrist (1999) and allow for …
Persistent link: https://www.econbiz.de/10010357605
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Macro and micro of external finance premium and monetary policy transmission
Altavilla, Carlo; Gürkaynak, Refet S.; Quaedvlieg, Rogier - 2024
We establish basic facts about the external finance premium. Tens of millions of individual loan contracts extended to euro area firms allow studying the determinants of the external finance premium at the country, bank, firm, and contract levels of disaggregation. At the country level, the...
Persistent link: https://www.econbiz.de/10014527119
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The financial accelerator mechanism : does frequency matter?
Foroni, Claudia; Gelain, Paolo; Marcellino, Massimiliano - 2022
with the financial accelerator mechanism a la Bernanke et al. (1999). We find that the financial accelerator can work very …
Persistent link: https://www.econbiz.de/10012815038
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Business Cycle Effects of Credit and Technology Shocks in a DSGE Model with Firm Defaults
Pesaran, M. Hashem - 2011
financial institutions in the transmission of credit and technology shocks to the real economy. A positive credit shock, defined … between loan and deposit rates. The effects of the credit shock tend to be highly persistent even without price rigidities and …
Persistent link: https://www.econbiz.de/10013119292
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Business Cycle Effects of Credit and Technology Shocks in a DSGE Model with Firm Defaults
Pesaran, M. Hashem - 2011
financial institutions in the transmission of credit and technology shocks to the real economy. A positive credit shock, defined … between loan and deposit rates. The effects of the credit shock tend to be highly persistent even without price rigidities and …
Persistent link: https://www.econbiz.de/10013119521
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Business cycle effects of credit shocks in a DSGE model with firm defaults
Pesaran, M. Hashem; Xu, TengTeng - 2013
economy. A positive credit shock, defined as a rise in the loan-to-deposit ratio, increases output, consumption, hours and … productivity, and reduces the spread between loan and deposit rates. The effects of the credit shock tend to be highly persistent …
Persistent link: https://www.econbiz.de/10009751689