"A Macroeconomic Model with Financially Constrained Producers and Intermediaries," Unpublished manuscript, New York University-Stern and University of Texas-Austin.Elenev, V., T. Landvoigt, and S. V. Nieuwerburgh (2017). A macroeconomic model with financially constrained producers and intermediaries....
内容提示: A Macroeconomic Model with a Financial Sector. † † Markus K. Brunnermeier and Yuliy Sannikov * November 2009 PRELIMINARY AND INCOMPLETE A BSTRACT . This paper studies a macroeconomic model in which financial experts borrow from less productive agents in order to invest in financial...
A Macroeconomic Model with a Financial Sector? Markus K. Brunnermeier and Yuliy Sannikov? April 17, 2013 Abstract This paper studies the full equilibrium dynamics of an economy with ?nancial frictions. Due to highly non-linear ampli?cation e?ects, the economy is prone to instability and ...
This paper studies the full equilibrium dynamics of an economy with financial frictions. Due to highly non-linear amplification effects, the economy is prone to instability and occasionally enters volatile episodes. Risk is endogenous and asset price correlations are high in down turns. In an ...
Systemic risk arises when shocks lead to states where a disruption in financial intermediation adversely affects the economy and feeds back into further disrupting financial intermediation. We present a macroeconomic model with a financial intermediary sector subject to an equity capital constraint. The no...
Macroeconomic model with financial intermediaries which can issue outside equity as well as debt. Bank risk exposure is an endogenous choice. Assess how perceptions of risk and of credit policy in a crisis affect bank risk-taking. Stu... M Gertler,N Kiyotaki,A Queralto - 《Journal of Monetar...
has studied the macroeconomic effects originating with an autonomous financial sector. Also a number of theoretical macrodynamic models have been designed in order to account for the financial-real interaction.1 It is in this field of research that the present paper attempts to take a further step...
(2009). Macro stress testing with a macroeconomic credit risk model : Application to the French manufacturing sector. Banque de France. Document de travail 238.Avouyi-Dovi, Sanvi; Jardet, Caroline; Kendaoui, Ludovic; Moquet Jeremy; Bardos, Mireille; (2009). Macro stres testing with a ...
A financial analyst researches macroeconomic and microeconomic conditions along with company fundamentals to make a judgment about the potential success of an investment. They recommend a course of action, such as buying or selling stock, based on the past performance and future outlook of the company...
Some common macroeconomic factors include the rate of inflation, GDP growth, and the unemployment rate. Style factors encompass growth versus value stocks; market capitalization; and industry sector. Note Other considerations include microeconomic factors, such as a company's credit, its share liquidity...