Download This PaperMacroeconomic Effects of Banking Sector Losses Across Structural Models
53 Pages Posted: 3 Aug 2015
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Macroeconomic Effects of Banking Sector Losses Across Structural Models
Macroeconomic Effects of Banking Sector Losses Across Structural Models
Macroeconomic Effects of Banking Sector Losses Across Structural Models
Date Written: July 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: Banks, DSGE Models, Capital Requirements, Bank Losses
JEL Classification: E32, E44, E47
Suggested Citation: Suggested Citation
Luca Guerrieri (Contact Author)
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