Dynamic Stochastic General Equilibrium Model with Banks and Endogenous Defaults of Firms
No 2013/02, EUSP Department of Economics Working Paper Series from European University at St. Petersburg, Department of Economics
A dynamic stochastic general equilibrium (DSGE) model with endogenous defaults of firms is developed. Proposed mechanism of defaults is very flexible. It takes into account amount of assets owned by firms. It suggests that banks receive some payment from firm after default. The model is estimated for USA and for Russia. (In Russian).
Keywords: DSGE; endogenous defaults of firms (search for similar items in EconPapers)
JEL-codes: E32 E43 E44 E47 G21 (search for similar items in EconPapers)
Pages: 48 pages
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Journal Article: Dynamic Stochastic General Equilibrium Model with Banks and Endogenous Defaults of Firms (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:eus:wpaper:ec2013_02
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