Macroeconomic Effects of Banking Sector Losses Across Structural Models
Posted: 9 Jul 2021
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
Macroeconomic Effects of Banking Sector Losses Across Structural Models
Date Written: June, 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.
JEL Classification: E42, E44, E47
Suggested Citation: Suggested Citation
Francisco Covas (Contact Author)
Board of Governors of the Federal Reserve System
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John C. Driscoll
Board of Governors of the Federal Reserve System ( email )
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Luca Guerrieri
Board of Governors of the Federal Reserve System ( email )
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Matteo Iacoviello
Board of Governors of the Federal Reserve System ( email )
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Albert Queralto
Board of Governors of the Federal Reserve System ( email )
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Jae W. Sim
Board of Governors of the Federal Reserve System ( email )
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