G2 - Financial Institutions and Services - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T11:59:21+00:00Business Cycle Effects of Credit Shocks in a DSGE Model with Firm Defaults
https://www.bankofcanada.ca/2013/06/working-paper-2013-19/
This paper proposes a theoretical framework to analyze the relationship between credit shocks, firm defaults and volatility, and to study the impact of credit shocks on business cycle dynamics.2013-06-11T10:24:38+00:00enBusiness Cycle Effects of Credit Shocks in a DSGE Model with Firm Defaults2013-06-11Business fluctuations and cyclesCredit and credit aggregatesEconomic modelsFinancial institutionsWorking Paper 2013-19https://www.bankofcanada.ca/wp-content/uploads/2013/06/wp2013-19.pdfBusiness Cycle Effects of Credit Shocks in a DSGE Model with Firm DefaultsM. Hashem PesaranTengTeng XuJune 2013EE3E32E4E44GG2G21