Uncertainty shocks, banking frictions and economic activity

DOI10.1016/j.jedc.2016.09.008zbMath1401.91241OpenAlexW1530284435MaRDI QIDQ1656451

Dario Bonciani, Björn van Roye

Publication date: 10 August 2018

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: http://hdl.handle.net/10419/154258

zbMATH Keywords

stochastic volatilityperturbation methodsfinancial frictionsthird-order approximationuncertainty shocks

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Economic growth models (91B62) Dynamic stochastic general equilibrium theory (91B51)

Related Items (2)

UNCERTAINTY AND MONETARY POLICY DURING THE GREAT RECESSION ⋮ Are uncertainty shocks aggregate demand shocks?

Cites Work

• Solving dynamic general equilibrium models using a second-order approximation to the policy function
• Solving DSGE models with a nonlinear moving average
• Should monetary policy lean against the wind? An analysis based on a DSGE model with banking
• Calculating and using second-order accurate solutions of discrete time dynamic equilibrium models
• The Impact of Uncertainty Shocks
• Monopolistic Price Adjustment and Aggregate Output
• Error Bands for Impulse Responses

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