| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP17130 |
| DP17130 The Nonlinear Transmission of Financial Shocks: Some Evidence | |
| Mario Forni; Luca Gambetti; Nicolò Maffei-Faccioli; Luca Sala | |
| 发表日期 | 2022-03-23 |
| 出版年 | 2022 |
| 语种 | 英语 |
| 摘要 | Financial shocks generate a protracted and quantitatively important effect on real economic activity and financial markets only if the shocks are both negative and large. Otherwise, their role is quite modest. Financial shocks have become more important for economic fluctuations after the 2000 and have contributed substantially to deepening the recessions of 2001 and 2008. The evidence is obtained using a new econometric procedure based on a VMA representation that includes a nonlinear function of the financial shock. |
| 主题 | Monetary Economics and Fluctuations |
| URL | https://cepr.org/publications/dp17130 |
| 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/546114 |
| 推荐引用方式 GB/T 7714 | Mario Forni,Luca Gambetti,Nicolò Maffei-Faccioli,et al. DP17130 The Nonlinear Transmission of Financial Shocks: Some Evidence. 2022. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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