L'intermédiation financière dans l'analyse macroéconomique: Le défi de la crise

Iliopulos, Eleni; Sopraseuth, Thepthida

L'intermédiation financière dans l'analyse macroéconomique: Le défi de la crise

Eleni Iliopulos and Thepthida Sopraseuth

Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) from HAL

Abstract: In this paper, we review the macroeconomic literature on financial frictions and banking in a dynamic general equilibrium framework. Our work focuses first on the pioneer articles that have analyzed the amplification effects associated to the financial accelerator. We then shift our attention towards the recent literature that flourished in the aftermath of the financial crisis. Indeed, the crisis has challenged several assumptions and modeling tools that were commonly used in the DSGE literature. We thus review the main recent contributions that have tried to overcome the limits of old models.

Keywords: Financial frictions; banking; monetary policy; business cycle.; Frictions financières; intermédiaire financier; politique monétaire; fluctuations. (search for similar items in EconPapers)
Date: 2011-07
New Economics Papers: this item is included in nep-ban, nep-dge and nep-mac
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00613188v1
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Published in 2011

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Persistent link: https://EconPapers.repec.org/RePEc:hal:cesptp:halshs-00613188

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