RT Generic
T1 Banking in Computable General Equilibrium Economies
A1 Díaz-Giménez, Javier
A1 Prescott, Edward C.
A1 Álvarez, Fernando
A1 Fitzgerald, Terry
A2 Federal Reserve  Bank of Minnealopis, 
AB In this papaer 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 househols' savings and they purchase interestbearting government debt and non-ibterest bearing reserves. We use this structure to answer two sets of questions: one normative in nature the evaluates the welfare costs of alternative monetary and tax policies, and one positive in nature that studies the real effects of following a procyclical interestrate policy rule.
YR 1992
FD 1992
LK https://hdl.handle.net/10016/4969
UL https://hdl.handle.net/10016/4969
LA eng
DS e-Archivo
RD 7 may. 2024