The role of financial frictions in the 2007-2008 crisis : an estimated DSGE model
After the banking crises experienced by many countries in the 1990s and in 2008, financial market conditions have turned out to be a relevant factor for economic fluctuations. The purpose of this paper is to determine whether frictions in financial markets are important for business cycles, and whet...
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| Format: | workingPaper |
| Language: | eng |
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2013
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| Online Access: | http://hdl.handle.net/10400.5/5899 |
| Country: | Portugal |
| Oai: | oai:www.repository.utl.pt:10400.5/5899 |