Αποτελέσματα Αναζήτησης
3 Οκτ 2023 · More specifically, our dynamic general equilibrium model (DGEM) shows that the bank credit channel is the crucial element, as it hosts a financial deleveraging process that triggers a debt...
This paper proposes an equilibrium business cycle model with an endogenous collateral constraint and shows that its quantitative predictions are in line with the stylized facts of Sudden Stops.
25 Φεβ 2022 · And, even if (calibrated) mainstream (DSGE) models adhering to the classical dichotomy can create hypothetical bubble and crisis behaviour or movements away from the equilibrium (path), this can only be done through very stringent model assumptions and via (large) exogenous shocks.
2 Σεπ 2021 · We theorize that diverse combinations of crisis pressures generate four decision-making scenarios in the EU, each of which can be ascribed to different combinations of analytical insights from neofunctionalism, intergovernmentalism, postfunctionalism, and federalism.
28 Δεκ 2019 · In this article, we analyze dynamics of policy change from the perspective of Punctuated Equilibrium Theory (PET). In particular, we investigate how economic crises impact on patterns of policy change in policy areas that vary in terms of their proximity to economic matters: social, environmental, and morality policy. We make two contributions.
These assumptions or conjectures are then employed to trace the general equilibrium implications of an increase or collapse in land’s or capital’s liquidity – the central comparative-dynamic exercise – in a rational expectations setup.2.
1 Ιουλ 2021 · The role of finance in converting fluctuations to crises is well demonstrated in Keen’s “Minsky” model (see below). A further important role of balancing feedback occurs in modern economies that have a welfare system and a comparatively large state.
