The role of financial intermediaries in monetary policy transmission

DOI10.1016/J.JEDC.2014.04.010zbMath1402.91405OpenAlexW3122773985MaRDI QIDQ1994537

Damjan Pfajfar, Andrea Colciago, Thorsten Beck

Publication date: 1 November 2018

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

Full work available at URL: http://openaccess.city.ac.uk/id/eprint/7986/10/CC%20BY-NC-ND%204.0.pdf

zbMATH Keywords

financial intermediationDSGE modelsfinancial frictions

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64)

Cites Work

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• Unconventional government debt purchases as a supplement to conventional monetary policy
• Financial fragility, sovereign default risk and the limits to commercial bank bail-outs
• Endogenous risk in a DSGE model with capital-constrained financial intermediaries
• Land-Price Dynamics and Macroeconomic Fluctuations

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