Technological innovations and the interest rate
We build a dynamic general equilibrium model that adds a banking sector to the standard RBC model. We look at the response of the real interest rate to innovations in the banks' technology and in the nonbank firms' technology. While technological innovations in the nonbanking sector put up...
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| Format: | article |
| Language: | eng |
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2019
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| Online Access: | http://hdl.handle.net/10071/18138 |
| Country: | Portugal |
| Oai: | oai:repositorio.iscte-iul.pt:10071/18138 |