Download This PaperMacroeconomic Effects of Banking Sector Losses Across Structural Models
FEDS Working Paper No. 2015-044
FEDS Working Paper No. 2015-44
52 Pages Posted: 10 Jul 2015
There are 3 versions of this paper
Macroeconomic Effects of Banking Sector Losses Across Structural Models
Macroeconomic Effects of Banking Sector Losses Across Structural Models
Date Written: May 5, 2015
Abstract
The macro spillover effects of capital shortfalls in the financial intermediation sector are compared across five dynamic equilibrium models for policy analysis. Although all the models considered share antecedents and a methodological core, each model emphasizes different transmission channels. This approach delivers "model-based confidence intervals" for the real and financial effects of shocks originating in the financial sector. The range of outcomes predicted by the five models is only slightly narrower than confidence intervals produced by simple vector autoregressions.
Keywords: Bank losses, Banks, Capital requirements, DSGE models
JEL Classification: E32, E44, E47
Suggested Citation: Suggested Citation
Luca Guerrieri (Contact Author)
Board of Governors of the Federal Reserve System ( email )
20th Street and Constitution Avenue NW
Washington, DC 20551
United States
202-452-2550 (Phone)
Matteo Iacoviello
Board of Governors of the Federal Reserve System ( email )
20th Street and Constitution Avenue NW
Washington, DC 20551
United States
Francisco Covas
Board of Governors of the Federal Reserve System ( email )
20th Street and Constitution Avenue NW
Washington, DC 20551
United States
John C. Driscoll
Board of Governors of the Federal Reserve System ( email )
20th Street and Constitution Avenue NW
Washington, DC 20551
United States
HOME PAGE: http://www.federalreserve.gov/econresdata/john-c-driscoll.htm
Michael T. Kiley
Board of Governors of the Federal Reserve System ( email )
20th Street and Constitution Avenue NW
Washington, DC 20551
United States
202-452-2448 (Phone)
202-452-5296 (Fax)
Mohammad Jahan-Parvar
Board of Governors of the Federal Reserve System ( email )
20th Street and Constitution Avenue NW
Washington, DC 20551
United States
HOME PAGE: http://sites.google.com/site/mrjahan/
Albert Queralto
Board of Governors of the Federal Reserve System ( email )
20th Street and Constitution Avenue NW
Washington, DC 20551
United States
Jae W. Sim
Board of Governors of the Federal Reserve System ( email )
20th Street and Constitution Avenue NW
Washington, DC 20551
United States