Capital Gaps, Risk Dynamics, and the Macroeconomy /
Motivated by the increasing interest in analyzing the links between the financial sector and the real economy, we develop a macro-financial structural model with two novel features. First, we include idiosyncratic and aggregate risk in a tractable general equilibrium model. This allows us to capture...
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Natura: | Periodico |
Lingua: | English |
Pubblicazione: |
Washington, D.C. :
International Monetary Fund,
2020.
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Serie: | IMF Working Papers; Working Paper ;
No. 2020/209 |
Accesso online: | Full text available on IMF |