Essays about: "Credit frictions"

Showing result 1 - 5 of 7 essays containing the words Credit frictions.

1. 1. Monetary Policy with Credit Market Frictions

   University essay from Handelshögskolan i Stockholm/Institutionen för nationalekonomi

   Author : Mambuna Njie; [2023]
   Keywords : Monetary policy; Investments; Credit frictions; Collateral constraints;

   Abstract : I study the role of collateral as a source of financial friction in the transmission of monetary policy towards firms' investments. First, I use a panel of Swedish firms to estimate the heterogeneity in firm investment responses to monetary policy shocks conditional on collateral. READ MORE

3. 2. Using FAVAR Model to Test the Credit Channel Monetary Policy Transmission Mechanism in Long-term Credit Cycle

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Zhihao Fu; [2020]
   Keywords : Monetary policy transmission mechanism; enterprise balance sheet channel; bank credit channel; FAVAR model; VAR model;

   Abstract : In this paper, based on the FAVAR model created by Ben Bernanke, 115 groups of economic variables' data from January 1959 to December 2014 were selected for the empirical analysis. From January 1959 to August 2008, the fed funds rate was used to work as the indicator of the monetary policy. READ MORE

4. 3. Housing Finance and the Transmission of Mortgage Spread Shocks

   University essay from Uppsala universitet/Nationalekonomiska institutionen

   Author : Denise Hansson; [2020]
   Keywords : Mortgage spread; credit supply; housing demand; monetary policy; business cycle;

   Abstract : Credit market frictions, captured by mortgage spreads, are potentially an equally important driver behind mortgage rate innovations as monetary policy. Possibly a significant driver of business cycles. Yet, the effect of such shocks on the economy has barely received any attention in empirical research. READ MORE

5. 4. A Financial Market Segmented New-Keynesian Macro Model

   University essay from Lunds universitet/Nationalekonomiska institutionen

   Author : Erik Hjort; [2020]
   Keywords : Monetary Policy; Financial Market Segmentation; Credit Conditions; QE; IS Curve; Business and Economics;

   Abstract : This essay complements the monetary literature by estimation and simulation of a New-Keynesian macro model featuring financial market frictions and long bond portfolio policy. The model is an extended version of the canonical three-equation New-Keynesian model with segmented financial markets distinguishing the short-term money market from the long-term bond market. READ MORE

6. 5. Optimal Monetary Policy, Macroprudential Instruments, and the Credit Cycle

   University essay from Uppsala universitet/Nationalekonomiska institutionen

   Author : Camilo Marchesini; [2019]
   Keywords : Monetary policy; macroprudential regulation; banking; financial frictions;

   Abstract : I study optimal monetary and macroprudential policies in a New Keynesian DSGE framework with leverageconstrainedbanks. In particular, I assess the desirability of alternative operational policy rules when theeconomy is hit by mortgage default shocks and show that their implications for inflation dynamics and policytrade-offs depend on whether the shocks originate in the household sector or in the entrepreneurial sector ofthe economy. READ MORE