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ResearchPaper
2013
Macroeconomic stabilisation and bank lending : a simple workhorse model
Macroeconomic stabilisation and bank lending : a simple workhorse model
Abstract (English)
A hybrid standard macro model is supplemented by an explicit analysis of bank lending, based on a five-position aggregative balance sheet. In the model's two versions credit supply is based on a leverage targeting rule or on simple optimisation, taking into account lending risks and funding costs. Model simulations explore consequences of supply and demand disturbances, discretionary interest rate moves, asset valuation and credit risk shocks. Besides standard Taylor policies, the paper compares the relative efficiency of additional stabilisation tools like external-funding taxes and anti-cyclical leverage regulation. Quantitative restrictions for bank activities seem to be useful.
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Notes
Publication license
Publication series
FZID discussion papers; 76
Published in
Faculty
Faculty of Business, Economics and Social Sciences
State Institutes
State Institutes
Institute
Institute of Economics
Forschungszentrum Innovation und Dienstleistung
Forschungszentrum Innovation und Dienstleistung
Examination date
Supervisor
Edition / version
Citation
Identification
DOI
ISSN
ISBN
Language
English
Publisher
Publisher place
Classification (DDC)
330 Economics
Original object
Standardized keywords (GND)
Sustainable Development Goals
BibTeX
@techreport{Spahn2013,
url = {https://hohpublica.uni-hohenheim.de/handle/123456789/5724},
author = {Spahn, Peter},
title = {Macroeconomic stabilisation and bank lending : a simple workhorse model},
year = {2013},
school = {Universität Hohenheim},
series = {FZID discussion papers},
}