E3 - Prices, Business Fluctuations, and Cycles
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Capital Requirement and Financial Frictions in Banking: Macroeconomic Implications
The author develops a dynamic stochastic general-equilibrium model with an active banking sector, a financial accelerator, and financial frictions in the interbank and bank capital markets. -
Banks, Credit Market Frictions, and Business Cycles
The author proposes a micro-founded framework that incorporates an active banking sector into a dynamic stochastic general-equilibrium model with a financial accelerator.