Financial Shocks, Financial Frictions and Financial Intermediaries in DSGE Models: Comments on the Recent Literature
Mario Arend ()
MPRA Paper from University Library of Munich, Germany
The aim of this work is to compare and contrast different ways of modeling financial shocks and financial intermediaries in the Dynamic Stochastic General Equilibrium models (DSGE models) and to discuss the empirical evidence on the importance of modeling financial sector and financial shocks in the economy. The analysis is based on four papers on the matter Jerman and Quiadrini (2009),Christiano, Motto and Rostagno (2006), Goodfriend and McCallum (2007), and Gertler and Kiyotaki (2009)
Keywords: Financial frictions; Financial Intermediaries; Financial shocks; DSGE models. (search for similar items in EconPapers)
JEL-codes: E5 E44 E4 E3 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cba, nep-dge and nep-mac
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:22957
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