| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP7250 |
| DP7250 Inflation Risk Premia and Survey Evidence on Macroeconomic Uncertainty | |
| Paul Söderlind | |
| 发表日期 | 2009-04-05 |
| 出版年 | 2009 |
| 语种 | 英语 |
| 摘要 | We develop a dynamic stochastic general equilibrium model with an heterogeneous banking sector. We introduce endogenous default probabilities for both firms and banks, and allow for bank regulation and liquidity injection into the interbank market. Our aim is to understand the interactions between the banking sector and the rest of the economy, as well as the importance of supervisory and monetary authorities to restore financial stability. The model is calibrated against real US data and used for simulations. We show that Basel regulation reduces the steady state but improves the resilience of the economy to shocks, and that moving from Basel I to Basel II is procyclical. We also show that liquidity injections relieve financial instability but have ambiguous effects on output fluctuations. |
| 主题 | International Macroeconomics |
| 关键词 | Banking sector Central bank Dsge supervision Default risk |
| URL | https://cepr.org/publications/dp7250 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/536087 |
| 推荐引用方式 GB/T 7714 | Paul Söderlind. DP7250 Inflation Risk Premia and Survey Evidence on Macroeconomic Uncertainty. 2009. |
| 条目包含的文件 | 条目无相关文件。 | |||||
| 个性服务 |
| 推荐该条目 |
| 保存到收藏夹 |
| 导出为Endnote文件 |
| 谷歌学术 |
| 谷歌学术中相似的文章 |
| [Paul Söderlind]的文章 |
| 百度学术 |
| 百度学术中相似的文章 |
| [Paul Söderlind]的文章 |
| 必应学术 |
| 必应学术中相似的文章 |
| [Paul Söderlind]的文章 |
| 相关权益政策 |
| 暂无数据 |
| 收藏/分享 |
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
