Balance-Sheet Shocks and Recapitalizations /
We develop a dynamic stochastic general equilibrium model with financial frictions on both financial intermediaries and goods-producing firms. In this context, due to high leverage of financial intermediaries, balance sheet disruptions in the financial sector are particularly detrimental for aggrega...
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| Format: | Žurnal |
| Jezik: | English |
| Izdano: |
Washington, D.C. :
International Monetary Fund,
2012.
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| Serija: | IMF Working Papers; Working Paper ;
No. 2012/068 |
| Teme: | |
| Online pristup: | Full text available on IMF |