Monetary Policy and Reserve Requirement in a DSGE Model with Financial Frictions
This paper modifies the DSGE model of Gertler & Karadi (2011), which includes financial frictions on the balance sheet of the financial intermediaries, to introduce reserve requirements that must be held at the Monetary Authority and a confidence shock in the financial system. We analyzed the im...
| Main Authors: | , |
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| Format: | Article |
| Language: | Portuguese |
| Published: |
Universidade de São Paulo
2015-12-01
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| Series: | Economia Aplicada |
| Subjects: | |
| Online Access: | http://www.revistas.usp.br/ecoa/article/view/110725 |