G2TT
来源类型Discussion paper
规范类型论文
来源IDDP17339
DP17339 SONOMA: a Small Open ecoNOmy for MAcrofinance
Mariano Massimiliano Croce
发表日期2022-05-30
出版年2022
语种英语
摘要We develop a new small open economy model (SONOMA) in which domestic corporate debt and equities are affected by shocks to both external credit and equity markets. In a novel empirical analysis of several small-but-developed economies, we show that both external debt and equity shocks are important determinants of domestic economic fluctuations, corporate leverage, and net foreign asset positions. SONOMA replicates our empirical facts about asset prices, financial flows, and economic activity.
主题Financial Economics ; International Macroeconomics and Finance
关键词External positions Credit and equity shocks Asset pricing
URLhttps://cepr.org/publications/dp17339
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/546382
推荐引用方式
GB/T 7714
Mariano Massimiliano Croce. DP17339 SONOMA: a Small Open ecoNOmy for MAcrofinance. 2022.
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