Financial Crises in DSGE Models: A Prototype Model

Financial Crises in DSGE Models: A Prototype Model
This paper presents the theoretical structure of MAPMOD, a new IMF model designed to study vulnerabilities associated with excessive credit expansions, and to support macroprudential policy analysis. In MAPMOD, bank loans create purchasing power that facilitates adjustments in the real economy. But excessively large and risky loans can impair... READ MORE...

Publication date: April 2014
ISBN 9781475540895
$18.00

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