Credit market and monetary policy: A possible source of fluctuations and financial crisis
The credit market has played an important role in the recent financial crisis and recession of the U. S. economy. Looking for an explanation about it we built and used a macroeconomic model with a credit market to describe a GDP cycle and a rise and decline of the collateralized asset price related...
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ir-10336-239422022-05-02T12:37:22Z Credit market and monetary policy: A possible source of fluctuations and financial crisis El sistema crediticio, la política monetaria y un posible origen de ciclos y crisis financieras Arango M. Posada C.E. Tamayo J.A. Bubbles Business cycles Collateral constraint Credit constraints Monetary policy The credit market has played an important role in the recent financial crisis and recession of the U. S. economy. Looking for an explanation about it we built and used a macroeconomic model with a credit market to describe a GDP cycle and a rise and decline of the collateralized asset price related to banking and monetary policies. This paper presents the model and several simulations from it to assess the roles of each one. 2011 2020-05-26T00:06:55Z info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion 1204483 https://repository.urosario.edu.co/handle/10336/23942 eng info:eu-repo/semantics/openAccess application/pdf Elsevier Doyma instname:Universidad del Rosario |
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EdocUR - Universidad del Rosario |
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language |
Inglés (English) |
topic |
Bubbles Business cycles Collateral constraint Credit constraints Monetary policy |
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Bubbles Business cycles Collateral constraint Credit constraints Monetary policy Arango M. Posada C.E. Tamayo J.A. Credit market and monetary policy: A possible source of fluctuations and financial crisis |
description |
The credit market has played an important role in the recent financial crisis and recession of the U. S. economy. Looking for an explanation about it we built and used a macroeconomic model with a credit market to describe a GDP cycle and a rise and decline of the collateralized asset price related to banking and monetary policies. This paper presents the model and several simulations from it to assess the roles of each one. |
format |
Artículo (Article) |
author |
Arango M. Posada C.E. Tamayo J.A. |
author_facet |
Arango M. Posada C.E. Tamayo J.A. |
author_sort |
Arango M. |
title |
Credit market and monetary policy: A possible source of fluctuations and financial crisis |
title_short |
Credit market and monetary policy: A possible source of fluctuations and financial crisis |
title_full |
Credit market and monetary policy: A possible source of fluctuations and financial crisis |
title_fullStr |
Credit market and monetary policy: A possible source of fluctuations and financial crisis |
title_full_unstemmed |
Credit market and monetary policy: A possible source of fluctuations and financial crisis |
title_sort |
credit market and monetary policy: a possible source of fluctuations and financial crisis |
publisher |
Elsevier Doyma |
publishDate |
2011 |
url |
https://repository.urosario.edu.co/handle/10336/23942 |
_version_ |
1740172319233409024 |
score |
12,131701 |