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Persistent link: https://www.econbiz.de/10012617817
This paper analyzes endogenous fluctuations in total factor productivity (TFP) in a dynamic general equilibrium model with heterogeneous agents, and illustrates the interaction of credit market frictions, asset prices, the entry and exit of firms, and fluctuations in TFP in response to...
Persistent link: https://www.econbiz.de/10010279996
Persistent link: https://www.econbiz.de/10009564868
This paper analyzes endogenous fluctuations in total factor productivity (TFP) in a dynamic general equilibrium model with heterogeneous agents, and illustrates the interaction of credit market frictions, asset prices, the entry and exit of firms, and fluctuations in TFP in response to...
Persistent link: https://www.econbiz.de/10003463037
Persistent link: https://www.econbiz.de/10011849850
This paper simulates the cash flows and balance sheets of the Bank of Japan (BoJ) before and after exiting from Quantitative and Qualitative Monetary Easing (QQE) under various scenarios. The simulations show that the BoJ will record significant accounting losses after exiting QQE. These losses...
Persistent link: https://www.econbiz.de/10013015458
Persistent link: https://www.econbiz.de/10000344411