Balance-Sheet Shocks And Recapitalizations
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| Google books | books.google.com |
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| Originally published | March 2012 |
| Authors | Mr. Damiano Sandri |
| Fabian Valencia | |
| Date of Reg. | |
| Date of Upd. | |
| ID | 2414559 |
About Balance-Sheet Shocks And Recapitalizations
We develop a dynamic stochastic general equilibrium model with financial frictions on both financial intermediaries and goods-producing firms. In this context, due to high leverage of financial intermediaries, balance sheet disruptions in the financial sector are particularly detrimental for aggregate output. . . .