University of Cambridge > Talks.cam > Cambridge Finance Workshop Series > Financial Cycles with Heterogeneous Intermediaries

  Browse A-Z

Log in

University Account External (via Google)

🔐 Log In

Information on

Subscribing to talksdetails Finding a talkdetails Adding a talkdetails Disseminating talksdetails Help and Documentationdetails

ℹ️ Information

Financial Cycles with Heterogeneous Intermediaries

Download to your calendar using vCal

  • UserHelene Rey (London Business School) Speaker website
  • ClockThursday 14 May 2020, 13:00-14:00
  • HouseOnline.

If you have a question about this talk, please contact CERF/CF Admin .

This paper develops a dynamic macroeconomic model with heterogeneous fi- nancial intermediaries and endogenous entry. It features time-varying endogenous macroeconomic risk that arises from the risk-shifting behaviour of the cross-section of financial intermediaries. We show that when interest rates are high, a decrease in interest rates stimulates investment and increases financial stability. In contrast, when interest rates are low, further stimulus can increase aggregate risk while inducing a fall in the risk premium. In this case, there is a trade-off between stimulating the economy and financial stability.

This talk is part of the Cambridge Finance Workshop Series series.

This talk is included in these lists:

Note that ex-directory lists are not shown.

Other lists

N/A https://zoom.us/j/97842548910 Cripps Meeting Room 4, Cripps Court Building, Chesterton Road, Magdalene College

Other talks

LCLU Annual Talk: The Early Aqueous Environment of Mars Inferred From Mission Lifetime Results by the Curiosity Rover at Gale Crater Wolfson Tool Factory Online Causal Inference Seminar The Imagined Conflict: On Science and God What’s my reproduction number? Life history strategies: an interdisciplinary perspective Title to be confirmed
 

© 2006-2025 Talks.cam, University of Cambridge. Contact Us | Help and Documentation | Privacy and Publicity