The role of financial intermediaries in monetary policy transmission

DOI10.1016/J.JEDC.2014.04.010MaRDI QIDQ1994537zbMATH OpenOpenAlexFDO

Authors Thorsten Beck, Andrea Colciago, Damjan Pfajfar

Publication date 1 November 2018

Published in Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL http://openaccess.city.ac.uk/id/eprint/7986/10/CC%20BY-NC-ND%204.0.pdf

zbMATH Keywords

DSGE modelsfinancial frictionsfinancial intermediation

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64)

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Cites work

• Bank capital and the macroeconomy: policy considerations
• Endogenous risk in a DSGE model with capital-constrained financial intermediaries
• Financial fragility, sovereign default risk and the limits to commercial bank bail-outs
• Financial innovation and bank behavior: evidence from credit markets
• In search for yield? Survey-based evidence on bank risk taking
• Land-price dynamics and macroeconomic fluctuations
• Optimal contracts and competitive markets with costly state verification
• Should monetary policy lean against the wind? An analysis based on a DSGE model with banking
• The credit crunch and fall in employment during the Great Recession
• The effectiveness of non-standard monetary policy in addressing liquidity risk during the financial crisis: the experiences of the federal reserve and the European central bank
• Unconventional government debt purchases as a supplement to conventional monetary policy
• Understanding the accumulation of bank and thrift reserves during the U.S. financial crisis
• Verifying the state of financing constraints: evidence from U.S. business credit contracts

Cited in

(3)

• Banking competition, production externalities, and the effects of monetary policy
• Monetary policy as financial stability regulation
• On the transmission mechanism of monetary policy

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