Monetary policy shocks in a DSGE model with a shadow banking system
This paper is motivated by the recent nancial crisis and addresses whether a too low for too long interest rate policy may generate a boom-bust cycle. We suggest a model in which a microfounded shadow banking sector is included in an otherwise state-of-the-art DSGE model.When faced with perverse inc...
| Autor principal: | |
|---|---|
| Outros Autores: | , |
| Formato: | other |
| Idioma: | eng |
| Publicado em: |
2011
|
| Assuntos: | |
| Texto completo: | https://repositorio-aberto.up.pt/handle/10216/73644 |
| País: | Portugal |
| Oai: | oai:repositorio-aberto.up.pt:10216/73644 |