A macroeconomic model with a financial sector.
Brunnermeier, Markus K.
A macroeconomic model with a financial sector.
Bibliografía : páginas 419-421.
The baseline model, 384 ; Solving for the equilibrium, 389 ; Instability, endogenous risk, and asset pricing, 398 ; Volatility paradox and the Kocherlakota critique, 406 ; Borrowing costs and financial innovations, 408 ; Efficiency and macroprudential policies, 413 ; Conclusions, 419
This article studies the full equilibrium dynamics of an economy with financial frictions.
00028282
Macroeconomía.
Instituciones financieras internacionales.