Zobrazeno 1 - 10
of 48
pro vyhledávání: '"Credit and credit aggregates"'
Autor:
Harding, Martín, Wouters, Rafael
We 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 f
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::994b34dfb77fd7677fae4570b38314ba
https://hdl.handle.net/10419/272981
https://hdl.handle.net/10419/272981
Autor:
Ottonello, Pablo, Song, Wenting
We provide empirical evidence of the causal effects of changes in financial intermediaries' net worth on the aggregate economy. Our strategy identifies financial shocks as high-frequency changes in the market value of intermediaries' net worth in a n
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::d3f54962dc36694028c27674d16aee1f
Autor:
Zivanovic, Jelena
How can macroprudential policy and monetary policy stabilize segmented credit markets? Is there a trade-off between financial stability and price stability? I use a theoretical model to evaluate the performance of alternative policies and find the op
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::fdbe1747cf3b9ffb158aa333216cb096
https://hdl.handle.net/10419/241254
https://hdl.handle.net/10419/241254
Autor:
Schroth, Josef
"Banks are key providers of liquidity, and their access to funding depends on the liquidity of their own assets. During financial crises, banks may reduce holdings of less liquid assets, such as business loans, and this may worsen the economic cost o
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::c432a3086d0d451469e8d383145b315c
Autor:
Ozhan, G. Kemal
Economists and policy-makers often argue that the surge in bank credit and the expansion of output in the European periphery after the euro was introduced resulted from expectations for a favourable economy in the future. This follows the argument th
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::9255077bebd468308e1b701a7556fc17
https://hdl.handle.net/10419/261252
https://hdl.handle.net/10419/261252
Autor:
Jang, Youngsoo, Lee, Soyoung
"Defaults have been widely observed in financial markets. Researchers use default risk models to better understand the sources of these defaults and the implications of default-related policies. As financial markets and default-related policies have
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::2cb1152199fda1eed69aa6bf058fd83f
https://hdl.handle.net/10419/241234
https://hdl.handle.net/10419/241234
During the COVID-19 pandemic, Canadian financial institutions offered debt-relief programs to help borrowers cope with job losses and economic insecurity. We consider the low take-up rates for these programs and suggest that to be effective, such pro
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::453e1c08c595220fba12ba2d0a25cdb8
Autor:
KATYA KARTASHOVA, XIAOQING ZHOU
We study the causal effect of mortgage rate changes on consumer spending, debt repayment and defaults during an expansionary and a contractionary monetary policy episode in Canada. We find asymmetric responses of consumer durable spending, deleveragi
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::79a4a03730f47d5d14104311acab7c5d
https://hdl.handle.net/10419/241184
https://hdl.handle.net/10419/241184
Publikováno v:
MADOC-University of Mannheim
Does the presence of borrowers with behavioural biases create a need for regulation to limit the misuse of credit? Proponents of consumer finance regulations often argue that some consumers overborrow because of behavioural biases, which leads them t
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::3cd283256ff87b2e947cdda95e05663d
https://hdl.handle.net/10419/241223
https://hdl.handle.net/10419/241223
We present a two-country model featuring risky lending and cross-border interbank market frictions. We find that (i) the strength of the financial accelerator, when applied to banks operating under uncertainty in an interbank market, will critically
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=od______1687::eac30e73295483ec328e23e886025291
https://hdl.handle.net/10419/241200
https://hdl.handle.net/10419/241200