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dc.contributor.authorBofinger, Peteren_US
dc.contributor.authorDebes, Sebastianen_US
dc.contributor.authorGareis, Johannesen_US
dc.contributor.authorMayer, Ericen_US
dc.date.accessioned2011-08-12T09:19:10Z-
dc.date.available2011-08-12T09:19:10Z-
dc.date.issued2011en_US
dc.identifier.urihttp://hdl.handle.net/10419/48688-
dc.description.abstractShocks in the financial sector caused the great recession of 2008 and pulled down the real economy. To implement financial dynamics in a stylized DSGE-framework we use behavioral elements in expectations to produce waves of bull and bear cycles in the financial intermediation process, that have repercussions on the business cycle dynamics. Our main findings suggest that rapid interest rate reduction and a countercyclical equity regulation in the finance sector can well prevent severe recessions.en_US
dc.language.isoengen_US
dc.publisherZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft Kiel und Hamburgen_US
dc.relation.ispartofseriesBeiträge zur Jahrestagung des Vereins für Socialpolitik 2011: Die Ordnung der Weltwirtschaft: Lektionen aus der Krise - Session: Dynamic Macroeconomics B4-V2en_US
dc.subject.jelE32en_US
dc.subject.jelE52en_US
dc.subject.jelG21en_US
dc.subject.ddc330en_US
dc.subject.keywordAnimal spirits-
dc.subject.keywordbank regulation-
dc.subject.keywordfinancial intermediation-
dc.subject.keywordmonetary policy-
dc.titleAnimal spirits and credit spreads in a model with a cost channelen_US
dc.typeConference Paperen_US
dc.identifier.ppn671889141en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
dc.identifier.repecRePEc:zbw:vfsc11:48688-
Appears in Collections:Jahrestagung des Vereins für Socialpolitik 2011: Die Ordnung der Weltwirtschaft - Lektionen aus der Krise

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