2026-09-20T00:15:29Zhttps://dspace.mit.edu/server/oai/requestoai:dspace.mit.edu:1721.1/1139512022-01-13T07:54:52Zcom_1721.1_7582com_1721.1_7581col_1721.1_131023
Deborah J. Lucas.
Montecinos Bravo, Alexis
Sloan School of Management.
Sloan School of Management
2018-03-02T22:20:16Z
2018-03-02T22:20:16Z
2017
2017
http://hdl.handle.net/1721.1/113951
1023434230
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).
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.
by Alexis Montecinos Bravo.
S.M. in Management Research
26 pages
eng
Massachusetts Institute of Technology
MIT theses are protected by copyright. They may be viewed, downloaded, or printed from this source but further reproduction or distribution in any format is prohibited without written permission.
http://dspace.mit.edu/handle/1721.1/7582
Sloan School of Management.
Private and government banks : a DSGE approach
Dynamic Stochastic General Equilibrium approach
Thesis
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Publication
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