Private and government banks : a DSGE approach
Name
1023434230-MIT.pdf
Description
Full printable version
Size
2.46 MB
Format
Adobe PDF
Checksum (MD5)
7cd91d87ca7f999403c1830a407a8504
Author(s)
Montecinos Bravo, Alexis
Advisor(s)
Deborah J. Lucas.
Alternative Title
Dynamic Stochastic General Equilibrium approach
Date Issued
2017
Publisher
Massachusetts Institute of Technology
Abstract
This paper studies the role of public banks in a Dynamic Stochastic General Equilibrium (DSGE) model with heterogeneous financial intermediaries. In accordance with the empirical literature on the subject, this study shows that the presence of public banks alter the reaction of the aggregate variables to negative shocks relative to standard DSGE models. Namely, the economy is able to recover faster following negative shocks due to the less pro cyclical behavior of government banks. The paper shows that ignoring this dimension of heterogeneity may render misleading assessments and conclusions regarding economic variables like GDP, consumption, investment, labor, etc.
Description
Thesis: S.M. in Management Research, Massachusetts Institute of Technology, Sloan School of Management, 2017.
Cataloged from PDF version of thesis.
Includes bibliographical references (pages 25-26).
Subjects
Sloan School of Management.
MIT Department
Sloan School of Management
Terms of Use
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