Financial Crises in DSGE Models : A Prototype Model /

This paper presents the theoretical structure of MAPMOD, a new IMF model designed to study vulnerabilities associated with excessive credit expansions, and to support macroprudential policy analysis. In MAPMOD, bank loans create purchasing power that facilitates adjustments in the real economy. But...

وصف كامل

التفاصيل البيبلوغرافية
المؤلف الرئيسي: Benes, Jaromir
مؤلفون آخرون: Kumhof, Michael, Laxton, Douglas
التنسيق: دورية
اللغة:English
منشور في: Washington, D.C. : International Monetary Fund, 2014.
سلاسل:IMF Working Papers; Working Paper ; No. 2014/057
الوصول للمادة أونلاين:Full text available on IMF