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Banking in Computable General Equilibrium Economies

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dc.affiliation.dptoUC3M. Departamento de Economíaes
dc.contributor.authorDíaz-Giménez, Javier
dc.contributor.authorPrescott, Edward C.
dc.contributor.authorÁlvarez, Fernando
dc.contributor.authorFitzgerald, Terry
dc.date.accessioned2016-07-20T08:40:17Z
dc.date.available2016-07-20T08:40:17Z
dc.date.issued1992
dc.description.abstractIn this paper we develop a computable general equilibrium economy that models the banking sector explicitly. Banks intermediate between households and between the household sector and the government sector. Households borrow from banks to finance their purchases of houses and they lend to banks to save for retirement. Banks pool households' savings and they purchase interest-bearing government debt and non-interest-bearing reserves. We use this structure to answer two sets of questions: one normative in nature that evaluates the welfare costs of alternative monetary and tax policies, and one positive in nature that studies the real effects of following a procyclical interest-rate policy rule.
dc.description.statusPublicado
dc.format.mimetypeapplication/pdf
dc.identifier.bibliographicCitationJournal of Economic Dynamics and Control, (1992), 16 (3-4), p. 533-559en
dc.identifier.doi10.1016/0165-1889(92)90048-J
dc.identifier.issn0165-1889
dc.identifier.publicationfirstpage553
dc.identifier.publicationissue3-4
dc.identifier.publicationlastpage559
dc.identifier.publicationtitleJournal of Economic Dynamics and Controlen
dc.identifier.publicationvolume16
dc.identifier.urihttps://hdl.handle.net/10016/4949
dc.language.isoeng
dc.publisherElsevier
dc.relation.publisherversionhttp://dx.doi.org/10.1016/0165-1889(92)90048-J
dc.rights©Elsevier B.V.
dc.rightsAtribución-NoComercial-SinDerivadas 3.0 España
dc.rights.accessRightsopen access
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.subject.ecienciaEconomía
dc.titleBanking in Computable General Equilibrium Economies
dc.typeresearch article*
dc.type.hasVersionAM*
dc.type.reviewPeerReviewed
dspace.entity.typePublication
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