Bayesian Evaluation of DSGE Models with Financial Frictions

Material TypeArticleLanguageEnglish
TitleBayesian Evaluation of DSGE Models with Financial Frictions Author(S)BRZOZA-BRZEZINA MICHAl (Author)
Abstract  We evaluate two most popular approaches to implementing financial frictions into DSGE models: the Bernanke, Gertler, and Gilchrist () setup, where frictions affect the price of loans, and the Kiyotaki and Moore () model, where they concern the quantity of loans. ...Paginationp 1451–1476
SubjectEconomicsDescriptorsEconomics
Journal TitleJournal of Money, Credit, and Banking  
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