| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w29955 |
| 来源ID | Working Paper 29955 |
| Modeling the Great Recession as a Bank Panic: Challenges | |
| Lawrence Christiano; Hüsnü Dalgic; Xiaoming Li | |
| 发表日期 | 2022-04-18 |
| 出版年 | 2022 |
| 语种 | 英语 |
| 摘要 | We highlight two challenges for the notion that a pure panic bank run played an important role in the dynamics in the Great Recession. First, the conclusion depends critically on ruling out any entry of new net worth into a sector experiencing a run. When interpreted as reflecting a cost of entry into banking, the resulting costs seem implausibly large across a range of models. Second, we show that the qualitative features of run equilibria (their existence, how many there are, etc.) are highly sensitive to minor technical changes in assumptions about banker entry. We report another result that is of independent interest. In particular, we describe implementation problems associated with standard macroprudential policy tools for reducing the risk of bank panic. |
| 主题 | Financial Economics |
| URL | https://www.nber.org/papers/w29955 |
| 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/587629 |
| 推荐引用方式 GB/T 7714 | Lawrence Christiano,Hüsnü Dalgic,Xiaoming Li. Modeling the Great Recession as a Bank Panic: Challenges. 2022. |
| 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 | ||
| w29955.pdf（1357KB） | 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。
