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Language: en
Pages: 0
Pages: 0
Type: BOOK - Published: 2015 - Publisher:
The great recession that started in 2007, has not only changed the perspective of the macroeconomic literature about the role of financial frictions within the
Language: en
Pages: 44
Pages: 44
Type: BOOK - Published: 2014-07-18 - Publisher: International Monetary Fund
The recent global financial crisis illustrates that financial frictions are a significant source of volatility in the economy. This paper investigates monetary
Language: en
Pages: 33
Pages: 33
Type: BOOK - Published: 2014-10-23 - Publisher: International Monetary Fund
This paper estimates a New Keynesian DSGE model with an explicit financial intermediary sector. Having measures of financial stress, such as the spread between
Language: en
Pages: 50
Pages: 50
Type: BOOK - Published: 2020-05-29 - Publisher: International Monetary Fund
Traditionally, economic growth and business cycles have been treated independently. However, the dependence of GDP levels on its history of shocks, what economi
Language: en
Pages: 663
Pages: 663
Type: BOOK - Published: 2010-03-15 - Publisher: University of Chicago Press
United States monetary policy has traditionally been modeled under the assumption that the domestic economy is immune to international factors and exogenous sho