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Jahrestagung des Vereins für Socialpolitik 2012 (Göttingen): Neue Wege und Herausforderungen für den Arbeitsmarkt des 21. Jh. >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/62035
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Rannenberg, Ansgar | | en_US |
| dc.date.accessioned | | 2012-09-04T08:15:05Z | | - |
| dc.date.available | | 2012-09-04T08:15:05Z | | - |
| dc.date.issued | | 2012 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/62035 | | - |
| dc.description.abstract | | I add a moral hazard problem between banks and depositors as in Gertler and Karadi (2009) to a DSGE model with a costly state verification problem between entrepreneurs and banks as in Bernanke et al. (1999) (BGG). This modification amplifies the response of the external finance premium and the overall economy to monetary policy and productivity shocks. It allows my model to match the volatility and correlation with output of the external finance premium, bank leverage, entrepreneurial leverage and other variables in US data better than a BGG-type model. A reasonably calibrated combination of balance sheet shocks produces a downturn of a magnitude similar to the "Great Recession". | | en_US |
| dc.language.iso | | ger | | en_US |
| dc.publisher | | ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft Kiel und Hamburg | | en_US |
| dc.relation.ispartofseries | | Beiträge zur Jahrestagung des Vereins für Socialpolitik 2012: Neue Wege und Herausforderungen für den Arbeitsmarkt des 21. Jahrhunderts - Session: Banking and Macroeconomics B15-V1 | | en_US |
| dc.subject.jel | | E20 | | en_US |
| dc.subject.jel | | E44 | | en_US |
| dc.subject.jel | | E30 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.title | | Asymmetric Information in Credit Markets, Bank Leverage Cycles and Macroeconomic Dynamics | | en_US |
| dc.type | | Conference Paper | | en_US |
| dc.identifier.ppn | | 730347079 | | - |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | en_US |
| Appears in Collections: | | Jahrestagung des Vereins für Socialpolitik 2012 (Göttingen): Neue Wege und Herausforderungen für den Arbeitsmarkt des 21. Jh.
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