E3 - Prices, Business Fluctuations, and Cycles

• Imperfect Banking Competition and Macroeconomic Volatility: A DSGE Framework

  Staff working paper 2021-12 Jiaqi Li

  How do banks adjust their loan rate markup in response to macroeconomic shocks?

  Content Type(s): Staff research, Staff working papers JEL Code(s): E, E3, E32, E4, E44, G, G2, G21, L, L1, L13 Research Theme(s): Financial system, Financial institutions and intermediation, Models and tools, Economic models, Monetary policy, Monetary policy framework and transmission

• A Generalized Endogenous Grid Method for Default Risk Models

  Staff working paper 2021-11 Youngsoo Jang, Soyoung Lee

  Models with default options are hard to solve. We propose an extension of the endogenous grid method that solves default risk models more efficiently and accurately.

  Content Type(s): Staff research, Staff working papers JEL Code(s): C, C6, C63, E, E3, E37 Research Theme(s): Models and tools, Econometric, statistical and computational methods, Economic models