Financial Accelerator
Financial Accelerator Effects in the Balance Sheets of Czech Firms
... Table 2 also presents determinants of corporate interest rates, toward which we are particularly interested in the influence of economic downturn and firm size (i.e., small firms). The results indicate that Czech firms ...
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Financial Accelerator Effects in the Balance Sheets of Czech Firms
... the financial statements of Czech firms over the period ...firm’s financial position on the cost of external ...of financial accelerator effects in the Czech ...
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The Financial Accelerator: Evidence from International Housing Markets
... the financial accelerator, our empirical strategy allows us to provide a direct test of the endogenous mechanism that underlies the ...the financial accelerator hypothesis for housing price ...
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Business fixed investment: evidence of a financial accelerator in Europe
... Financial accelerator theories imply that weak balance sheets can amplify adverse shocks on firm ...a financial accelerator in the four largest euro area economies: Germany, France, Italy and ...
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Monetary Policy in an Estimated DSGE Model with a Financial Accelerator
... BGG-style financial accelerator in the monetary transmis- sion ...the accelerator in explaining the transmission of monetary policy ...incorporate financial-accelerator effects. We find ...
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Housing Wealth and Household Indebtedness: Is there a Household ‘Financial Accelerator’?
... There is an alternative, and smaller, literature that focuses on unsecured debt and household consumption, as in Chatterjee et al (2005). Here, the constraints on household borrowing stem from the supply side – that is, ...
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Housing Wealth and Household Indebtedness: Is there a Household 'Financial Accelerator'?
... This suggests using threshold values of unsecured debt in 1995 > 0 to look for a larger impact of unsecured debt on remortgaging. Columns 5 and 6 therefore include interactions for higher threshold values of unsecured ...
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House prices, consumption, and monetary policy: a financial accelerator approach
... There is a live debate about the role of house prices in the transmission mechanism of monetary policy. Do house prices merely reflect macroeconomic conditions, or are there important feedback effects from house prices ...
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Financial Accelerator Effects in the Balance Sheets of Czech Firms
... Table 2 also presents determinants of corporate interest rates, toward which we are particularly interested in the influence of economic downturn and firm size (i.e., small firms). The results indicate that Czech firms ...
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The External Finance Premium and the Financial Accelerator: The Case of Turkey
... Internal variables which were included in the VAR model are represented respectively: broad money “rm3”, real effective exchange rate “reer”, external finance premium “efp”, consumer price index “cpi” and industrial ...
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The Financial Accelerator Under Learning and The Role of Monetary Policy
... a financial friction? Figure 4 presents the path of the expected variables four steps ahead in the model without financial ...the financial accelerator mechanism, the expected fall in ...
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An Estimated Small Open Economy Model of the Financial Accelerator
... the financial accelerator in a small open economy ...the financial accelerator captures important credit market ...cial accelerator channel in this class of ...
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Monetary Policy in an Estimated DSGE Model with a Financial Accelerator
... with financial frictions is ...BGG-style financial accelerator in the monetary transmission ...the accelerator in explaining the transmission of monetary policy ...Fuerst-style ...
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Twin Crises and the Financial Accelerator
... the financial system, one can think of R as the return generated by the banking sector’s collective assets, and k as the face value of those ...the financial accelerator model of Bernanke, Gertler, ...
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Is There a Financial Accelerator Mechanism in the Turkish Banking Industry?
... to the result put forward by Turgutlu (2010) as bank margins are insensitive to GDP growth rate and instead using loans indicator is superior in capturing business cycles fluctuations regarding Turkish banking sector. ...
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Leveraged network-based financial accelerator
... network-based financial accelerator of Delli Gatti et ...network-based accelerator: bankruptcies deteriorate banks’ financial condition and this leads to higher interest rates to all borrowers ...
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Monetary Policy and Large Crises in a Financial Accelerator Agent Based Model
... An accommodating monetary policy followed by a sudden increase of the short term interest rate often leads to a bubble burst and to an economic slowdown. Two examples are the Great Depression of 1929 and the Great ...
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Banks, oligopolistic competition, and the business cycle: A new financial accelerator approach
... the financial crisis 2007-2009 again sheds light on the importance of this ...famous financial accelerator model of Bernanke et ...The financial accelerator in a quantitative busi- ness ...
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Does a financial accelerator improve forecasts during financial crises?: Evidence from Japan with Prediction Pool Methods
... about financial crises with respect to a DSGE ...the financial accelerator mechanism of Bernanke et ...and financial effects contributed to the stagnation from a historical decomposition for ...
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Indexed debt contracts and the financial accelerator
... the financial accelerator is significantly ...which financial frictions have large business cycle effects despite full indexation, see the highly stylized example in Suarez and Sussmann ...
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