Zobrazeno 1 - 10
of 11
pro vyhledávání: '"Inês Drumond"'
Publikováno v:
Economic Modelling. 44:372-383
The current crisis revealed the unsustainable levels of private sector indebtedness, fuelled by a prolonged period of rapid credit expansion during the upturn phase in some EU Member States. The subsequent deleveraging process now taking place, altho
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::828d1c4e040aa5bf3cc367b78f5475b7
https://doi.org/10.1016/j.econmod.2014.07.034
https://doi.org/10.1016/j.econmod.2014.07.034
Publikováno v:
Scopus-Elsevier
Motivated by the U.S. events of the 2000s, we address whether a too low for too long interest rate policy may generate a boom-bust cycle. We simulate anticipated and unanticipated monetary policies in state-of-the-art DSGE models and in a model with
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::af7e26994716fa75118e66fac9f7875e
http://www.ijcb.org/journal/ijcb13q3a3.htm
http://www.ijcb.org/journal/ijcb13q3a3.htm
We assess the performance of optimal Taylor-type interest rate rules, with and without reaction to financial variables, in stabilizing the macroeconomy following financial shocks. We use a DSGE model that comprises both a loan and a bond market, whic
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::ebe207582fff66979c8a1f3935b3e7e4
http://www.suomenpankki.fi/en/julkaisut/tutkimukset/keskustelualoitteet/Documents/BoF_DP_1421.pdf
http://www.suomenpankki.fi/en/julkaisut/tutkimukset/keskustelualoitteet/Documents/BoF_DP_1421.pdf
Publikováno v:
SSRN Electronic Journal.
We assess the performance of optimal Taylor-type interest rate rules, with and without reaction to financial variables, in stabilizing an economy following financial shocks. The analysis is conducted in a DSGE model with loan and bond markets, each f
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::3325f0d029222ea15afe5e6a70a87365
https://doi.org/10.2139/ssrn.2971395
https://doi.org/10.2139/ssrn.2971395
The current crisis revealed the unsustainability of private sector indebtedness levels, fuelled, in the recent past, by a prolonged period of rapid credit expansion in some EU Member States. The deleveraging process that is now taking place, although
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=od_______645::c260f9e3fe93527e1682ac26203210d0
http://ec.europa.eu/economy_finance/publications/economic_paper/2013/ecp477_en.htm
http://ec.europa.eu/economy_finance/publications/economic_paper/2013/ecp477_en.htm
Publikováno v:
Repositório Científico de Acesso Aberto de Portugal
Repositório Científico de Acesso Aberto de Portugal (RCAAP)
instacron:RCAAP
Repositório Científico de Acesso Aberto de Portugal (RCAAP)
instacron:RCAAP
Motivated by the U.S. events of the 2000s, we address whether a too low for too long interest rate policy may generate a boom-bust cycle. We simulate anticipated and unanticipated monetary policies in state-of-the-art DSGE models and in a model with
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=dedup_wf_001::c37fcd01c91c108d2401e1b257eb515d
https://hdl.handle.net/10216/71376
https://hdl.handle.net/10216/71376
This paper is motivated by the recent financial crisis and addresses whether a “too low for too long” interest rate policy may generate a boom-bust cycle. We suggest a model in which a microfounded shadow banking sector is included in an otherwis
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=od_______645::317622db7be857ccd1cad52497cec2e1
http://www.fep.up.pt/investigacao/cef.up/WP/2011/2011_01_wp.pdf
http://www.fep.up.pt/investigacao/cef.up/WP/2011/2011_01_wp.pdf
Autor:
José Jorge, Inês Drumond
Publikováno v:
SSRN Electronic Journal.
This paper assesses the potential procyclical effects of Basel II capital requirements by evaluating to what extent those effects depend on the composition of banks' asset portfolios and on how borrowers' credit risk evolves over the business cycle.
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::522f39aee74cbc33838fb8c6030ca772
https://doi.org/10.2139/ssrn.1340922
https://doi.org/10.2139/ssrn.1340922
Autor:
Inês Drumond
Publikováno v:
Issues in Finance: Credit, Crises and Policies
In order to survey the mechanisms through which the introduction of Basel II bank capital requirements is likely to accentuate the procyclical tendencies of banking, this paper brings together the theoretical literature on the bank capital channel of
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::152259a369c07d76d8b9314b2d0f6425
http://www.fep.up.pt/investigacao/workingpapers/08.06.02_wp277.pdf
http://www.fep.up.pt/investigacao/workingpapers/08.06.02_wp277.pdf