Macroeconomic stabilisation and bank lending : a simple workhorse model

Spahn, Peter

Macroeconomic stabilisation and bank lending : a simple workhorse model

dc.contributor.author	Spahn, Peter	de
dc.date.accessioned	2024-04-08T08:48:38Z
dc.date.available	2024-04-08T08:48:38Z
dc.date.created	2013-07-29
dc.date.issued	2013
dc.description.abstract	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.	en
dc.identifier.swb	391738135
dc.identifier.uri	https://hohpublica.uni-hohenheim.de/handle/123456789/5724
dc.identifier.urn	urn:nbn:de:bsz:100-opus-8688
dc.language.iso	eng
dc.relation.ispartofseries	FZID discussion papers; 76
dc.rights.license	publ-ohne-pod	en
dc.rights.license	publ-ohne-pod	de
dc.rights.uri	http://opus.uni-hohenheim.de/doku/lic_ubh.php
dc.subject	Taylor rule	en
dc.subject	Leverage targeting	en
dc.subject	Financial market shocks	en
dc.subject	Funding costs	en
dc.subject	Endogenous money	en
dc.subject.ddc	330
dc.subject.gnd	Taylor-Regel	de
dc.subject.gnd	Geldpolitik	de
dc.title	Macroeconomic stabilisation and bank lending : a simple workhorse model	de
dc.type.dcmi	Text	de
dc.type.dini	WorkingPaper	de
local.access	uneingeschränkter Zugriff	en
local.access	uneingeschränkter Zugriff	de
local.bibliographicCitation.publisherPlace	Universität Hohenheim	de
local.export.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}, }
local.export.bibtexAuthor	Spahn, Peter
local.export.bibtexKey	Spahn2013
local.export.bibtexType	@techreport
local.faculty.number	3	de
local.faculty.number	7	de
local.institute.number	520	de
local.institute.number	795	de
local.opus.number	868
local.series.issueNumber	76
local.series.title	FZID discussion papers
local.university	Universität Hohenheim	de
local.university.faculty	Faculty of Business, Economics and Social Sciences	en
local.university.faculty	Fakultät Wirtschafts- und Sozialwissenschaften	de
local.university.faculty	Landesanstalten	de
local.university.institute	Institute for Economics	en
local.university.institute	Institut für Volkswirtschaftslehre	de
local.university.institute	Forschungszentrum Innovation und Dienstleistung	de

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