Simple Macroeconomic Models with a Banking Sector: II
- đ¤ Speaker: Rochet, J-C (Universitt Zrich)
- đ Date & Time: Wednesday 22 October 2014, 14:00 - 15:00
- đ Venue: Seminar Room 1, Newton Institute
Abstract
In parallel with the development of DSGE models with frictions, a series of papers have recently proposed to integrate banks within much simpler macro models. The objective is to develop simple calibrations allowing to assess in a transparent way the impact of bank capital regulation on growth and credit cycles. The aim of the tutorial is to present some of these models.
Topic 2: Countercyclical capital requirements and Credit Cycles: Aikman Haldane Nelson (2011) “Curbing the Credit Cycle” Bank of England, Gersbach Rochet (2013) “Capital Requirements and Credit Fluctuations” CEPR dp 9077
Series This talk is part of the Isaac Newton Institute Seminar Series series.
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Wednesday 22 October 2014, 14:00-15:00