| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w22343 |
| 来源ID | Working Paper 22343 |
| Macro, Money and Finance: A Continuous Time Approach | |
| Markus K. Brunnermeier; Yuliy Sannikov | |
| 发表日期 | 2016-06-13 |
| 出版年 | 2016 |
| 语种 | 英语 |
| 摘要 | This paper puts forward a teaching manual for how to set up and solve a continuous time model that allows one to analyze endogenous (1) level and risk dynamics. The latter includes (2) tail risk and crisis probability as well as (3) the Volatility Paradox. Concepts such as (4) illiquidity and liquidity mismatch, (5) endogenous leverage, (6) the Paradox of Prudence, (7) undercapitalized sectors (8) time-varying risk premia, and (9) the external funding premium are part of the analysis. Financial frictions also give rise to an endogenous (10) value of money. |
| 主题 | Microeconomics ; Mathematical Tools ; Macroeconomics ; Business Cycles ; Money and Interest Rates ; Monetary Policy ; Financial Economics ; Portfolio Selection and Asset Pricing ; Financial Institutions |
| URL | https://www.nber.org/papers/w22343 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/580016 |
| 推荐引用方式 GB/T 7714 | Markus K. Brunnermeier,Yuliy Sannikov. Macro, Money and Finance: A Continuous Time Approach. 2016. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w22343.pdf（1274KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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。
