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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