Acceso al sitio web del Consejo de Políticas de Infraestructura

   
Redirigiendo al acceso original de articulo en 21 segundos...
ARTÍCULO
TITULO

Survey on Financial Market Frictions and DSGE models

Madalin Viziniuc    

Resumen

This survey reviews the research regarding the general frameworks used for the specification of financial market frictions in Dynamic Stochastic General Equilibrium models. Within the related literature, financial frictions are considered to be the prime candidates for endogenous amplification of small transitory non-financial shocks. The latest financial crisis has changed a number of macroeconomic paradigms and DSGE models were not left untouched. Pre-crisis macroeconomic models neglected the financial markets due to the fact the most economists considered them to function perfectly. As economic events pointed out the contrary, numerous research papers that tackle this problem are available in literature, therefore, this rapidly growth of literature motivates this survey.Keywords: DSGE models; financial market frictions; financial accelerator; collateral constraint; surveyJEL Classifications: E21; E22; E32; E44; E59

PÁGINAS
pp. 454 - 460
MATERIAS
ECONOMÍA

 Artículos similares

       
 
Khaled Mahmud, Md. Mahbubul Alam Joarder and Kazi Muheymin-Us-Sakib    
Adoption factors of Financial Technology (Fintech) services have been the subject of investigation in a growing body of extant literature. Macro-level as well as user-specific factors that contribute to the adoption of customer-facing fintech services ha... ver más

 
Ivana Toma?evic, Sandra Ðurovic, Nikola Abramovic, Lidija Weis and Viktor Koval    
This paper presents the results of research conducted to identify the factors that influence the decisions of company management to outsource accounting services. A transaction cost economics (TCE) model was used to analyse factors that influence high le... ver más

 
Ahmed Abdel Magid, Khaled Hussainey, Javier De Andrés and Pedro Lorca    
Despite the spread and progress in the literature related to the disclosure of corporate social responsibility (CSR) performance around the world as one of the most essential tools for achieving sustainable development in society, its value relevance is ... ver más

 
Sinta Setiana,(Maranatha Christian UniversityIndonesia)Bram Hadianto,(Maranatha Christian UniversityIndonesia)     Pág. 172 - 184
This research intends to examine the impact of financial knowledge and internal control locus on student behavior to manage money and the effect of internal control locus on this knowledge. The students becoming the population are from the active undergr... ver más

 
Nicole Walzhofer, Marcus Riekeberg and Florian Follert    
Banks distribute intangible services, so that traditional marketing instruments are often limited concerning their effectiveness to reach new clients, especially teenagers and young adults. With respect to this relevant practical problem, we used survey ... ver más