Macroeconomic Effects of Banking Sector Losses across Structural Models
| Autor: | Luca Guerrieri, Albert Queraltó, John C. Driscoll, Jae Sim, Matteo Iacoviello, Francisco Covas, Mohammad R. Jahan-Parvar, Michael T. Kiley |
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| Rok vydání: | 2015 |
| Předmět: |
banks
DSGE models capital requirements bank losses Financial economics Financial intermediary Bank losses banks capital requirements DSGE models jel:E44 jel:E42 jel:E47 Policy analysis Confidence interval Spillover effect Capital (economics) Econometrics Dynamic stochastic general equilibrium Economics Capital requirement Macro |
| Zdroj: | Finance and Economics Discussion Series. 2015:1-51 |
| ISSN: | 1936-2854 |
| DOI: | 10.17016/feds.2015.044 |
| Popis: | The macro spillover effects of capital shortfalls in the financial intermediation sector are compared across five dynamic equilibrium models for policy analysis. Although all the models considered share antecedents and a methodological core, each model emphasizes different transmission channels. This approach delivers "model-based confidence intervals" for the real and financial effects of shocks originating in the financial sector. The range of outcomes predicted by the five models is only slightly narrower than confidence intervals produced by simple vector autoregressions. |
| Databáze: | OpenAIRE |
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