The empirical evaluation of monetary policy shock in dynamic stochastic general equilibrium model with financial frictions
Large body of empirical literature points to the tight integration of financial and credit markets with real economic activity as well as the need for inclusion of financial frictions into macroeconomic modelling. After the recent mortgage loan crisis which spilled over into the global financial cri...
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| Format: | Article |
| Language: | English |
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SAGE Publishing
2018-02-01
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| Series: | International Journal of Engineering Business Management |
| Online Access: | https://doi.org/10.1177/1847979018758740 |