Results 21 to 30 of about 1,985,541 (297)
Coordination Frictions and the Financial Crisis [PDF]
SSRN Electronic Journal, 2009 In this note I argue that the desirability of fiscal policy in response to the current crisis depends on whether one views the current crisis as a temporary deviation from a unique equilibrium or as a bad equilibrium out of multiple equilibria. The paper presents a simple Diamond (1982) type of model where firms must find an (investment) bank to ...
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PANDEMIC SHOCKS AND MACRO-FINANCIAL POLICY RESPONSES: AN ESTIMATED DSGE-VAR MODEL FOR INDONESIA
Buletin Ekonomi Moneter dan Perbankan, 2022 This paper attempts to investigate the impact of policy mix in dealing with the COVID-19 pandemic. We employ the New Keynesian Dynamic Stochastic General Equilibrium (DSGE) framework and the Del Negro et al. (2007) approach to estimate the model.
Advis Budiman +3 more
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Financial Frictions in Macroeconomic Models [PDF]
, 2018 Abstract In recent decades, macroeconomic researchers have looked to incorporate financial intermediaries explicitly into business-cycle models. These modeling developments have helped us to understand the role of the financial sector in the transmission of policy and external shocks into macroeconomic dynamics.
Alfred Duncan +3 more
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On financial frictions and firm's market power [PDF]
Economic Inquiry, 2019 AbstractThere are two opposing welfare effects of market power in a model with monopolistic competition, loan defaults and moral hazard. The loss of output produced if firms set a higher mark‐up over marginal costs confronts with some gain due to higher expected profits and the reduction of defaults.
Miguel Casares +2 more
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Inspecting Monetary Policy Rules in a Small Open Economy with Financial Frictions
East Asian Economic Review, 2023 In this paper, we address how the monetary authority should react to financial market status and exchange rates movements in a small open economy New Keynesian model with financial frictions due to asymmetric information between savers and borrowers.
Yongseung Jung
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Innovation and Growth with Financial, and other, Frictions [PDF]
International Economic Review, 2011 The generation of ideas and their implementation are crucial for economic performance. We study this in a model of endogenous growth, where productivity increases with innovation and where the exchange of ideas (technology transfer) allows those with comparative advantage to implement them.
Chiu, Jonathan +2 more
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Financial Frictions and the Real Economy [PDF]
SSRN Electronic Journal, 2017 This paper investigates in a non-linear setting the impact on the real economy of frictions stemming from the financial sector. We develop a medium scale DSGE model with a banking sector where an occasionally binding constraint on banks' capital induces a relevant non-linearity.
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Financial frictions, the housing market, and unemployment [PDF]
Journal of Economic Theory, 2014 zbMATH Open Web Interface contents unavailable due to conflicting licenses.
William A. Branch +2 more
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Don't Put All Your Eggs in Foreign Baskets
Económica, 2020 I analyze the sluggish response of exports during and after financial crises using firm level data for two countries-episodes: Argentina 2001 and Peru 1998 crises.
Santiago Camara
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Financial Frictions and New Exporter Dynamics [PDF]
SSRN Electronic Journal, 2014 This article studies the role of financial frictions as a barrier to international trade. We study new exporter dynamics to identify how these frictions affect export decisions. We introduce a borrowing constraint and working capital requirements into a standard model of international trade, with exports more working capital intensive than domestic ...
David Kohn +2 more
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