Results 271 to 280 of about 1,985,541 (297)
Some of the next articles are maybe not open access.
Risk and State-Dependent Financial Frictions
2022We augment a standard New Keynesian model with a financial accelerator mechanism and show that financial frictions generate large state-dependent amplification effects. We fit the model to US data and show that, when shocks drive the model far away from the steady state, the nonlinear model produces much stronger propagation of shocks than the ...
Harding, Martín, Wouters, Rafael
openaire +2 more sources
Financial frictions and investment: requiem in Q
Review of Economic Dynamics, 2003Abstract Understanding the nature of financial frictions faced by firms is relevant for both monetary and fiscal policy experiments. Empirical investment studies commonly find that proxies for firms' internal funds are significant as explanatory variables, particularly in the Q-theory based regression framework.
Russell Cooper, Joao Ejarque
openaire +1 more source
International Journal of Central Banking, 2013
A comprehensive measure of financial friction is the difference between the return businesses earn from capital—plant and equipment—and the market cost of capital. The latter is the amount that investors earn from holding financial claims. I measure this friction as the difference between the marginal product of capital adjusted for capital gains and ...
openaire +1 more source
A comprehensive measure of financial friction is the difference between the return businesses earn from capital—plant and equipment—and the market cost of capital. The latter is the amount that investors earn from holding financial claims. I measure this friction as the difference between the marginal product of capital adjusted for capital gains and ...
openaire +1 more source
Empirical Economics, 2015
This paper builds a dynamic stochastic general equilibrium (DSGE) model for Latvia that would be suitable for policy analysis and forecasting purposes at Bank of Latvia. For that purpose, I adapt the DSGE model with financial frictions of Christiano et al. (J Econ Dyn Control 35:1999–2041, 2011. doi: 10.1016/j.jedc.2011.09.005
openaire +1 more source
This paper builds a dynamic stochastic general equilibrium (DSGE) model for Latvia that would be suitable for policy analysis and forecasting purposes at Bank of Latvia. For that purpose, I adapt the DSGE model with financial frictions of Christiano et al. (J Econ Dyn Control 35:1999–2041, 2011. doi: 10.1016/j.jedc.2011.09.005
openaire +1 more source
Fiscal Policy in a Model With Financial Frictions
American Economic Review, 2010What are the effects of fiscal policy in the presence of financial frictions? This question is particularly relevant given the great recession of 2008–2009, how forcefully some governments have resorted to fiscal stimulus over the last two years to fight it, and the widespread view that financial markets have played a decisive role in our current ...
openaire +2 more sources
Aggregate Implications of Financial Frictions for Unemployment
SSRN Electronic Journal, 2019The Great Recession has witnessed not only a marked disruption in the credit markets and a sharp increase of capital underutilization, but also a severe deterioration of the matching efficiency in the labor market, as evidenced by the historically high unemployment rate and a significant outward shift of the Beveridge curve. Motivated by these facts, I
openaire +1 more source
Financial frictions and wage inequality
International Journal of Finance and Economics, 2022Jiancai Pi, Yanwei Fan
exaly
Financial frictions, financial market development, and macroeconomic development
Oxford Development Studies, 2023Joseph P Kaboski
exaly
Financial Frictions in a DSGE Model for Latvia [PDF]
, 2014 This paper builds a dynamic stochastic general equilibrium (DSGE) model for Latvia that would be suitable for policy analysis and forecasting purposes at Latvijas Banka. For that purpose, the DSGE model with financial frictions of Christiano, Trabandt and Walentin (2011) is adapted to Latvia's data, estimated, and studied as to whether adding the ...
openaire +1 more source
Partial dollarization and financial frictions in emerging economies
Review of International Economics, 2023Bo Yang
exaly