Economics, Econometrics and Finance
4 years ago

Modeling financial shocks in DSGE models reveals economy's vulnerability to crises.

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RePEc: Research Papers in Economics
Financial Shocks, Financial Frictions and Financial Intermediaries in DSGE Models: Comments on the Recent Literature
Mario Arend

Paper Summary

The article compares different ways of modeling financial shocks and intermediaries in economic models. It looks at four papers to discuss how important it is to include the financial sector in these models.

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