Leverage restrictions in a business cycle model: a comment
The paper by Christiano and Ikeda in this volume is one of the first efforts to quantify the welfare gains of leverage constraints in a macroeconomic model with a banking sector. Unlike other models their answer is that they can be even more desirable when banks hold little equity and intermediation...
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| Format: | Artículo |
| Language: | eng |
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Banco Central de Chile
2019
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| Subjects: | |
| Online Access: | https://hdl.handle.net/20.500.12580/3807 |
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