create a website

Output Gap, Monetary Policy Trade-offs, and Financial Frictions. (). Gelain, Paolo ; Furlanetto, Francesco ; Sanjani, Marzie Taheri .
In: Review of Economic Dynamics.
RePEc:red:issued:20-29.

Full description at Econpapers || Download paper

Cited: 3

Citations received by this document

Cites: 44

References cited by this document

Cocites: 50

Documents which have cited the same bibliography

Coauthors: 0

Authors who have wrote about the same topic

Citations

Citations received by this document

  1. The financial accelerator mechanism: does frequency matter?. (2022). Foroni, Claudia ; Gelain, Paolo ; Marcellino, Massimiliano.
    In: Working Papers.
    RePEc:fip:fedcwq:94980.

    Full description at Econpapers || Download paper

  2. A unified approach for jointly estimating the business and financial cycle, and the role of financial factors. (2022). Wong, Benjamin ; Richter, Julia ; Berger, Tino.
    In: Journal of Economic Dynamics and Control.
    RePEc:eee:dyncon:v:136:y:2022:i:c:s0165188922000203.

    Full description at Econpapers || Download paper

  3. The financial accelerator mechanism: does frequency matter?. (2022). Marcellino, Massimiliano ; Foroni, Claudia ; Gelain, Paolo.
    In: Working Paper Series.
    RePEc:ecb:ecbwps:20222637.

    Full description at Econpapers || Download paper

References

References cited by this document

  1. Bernanke, B. S., Gertler, M., Gilchrist, S., 1999. The financial accelerator in a quantitative business cycle framework. Handbook of Macroeconomics, In: editors J.B. Taylor and M. Woodford, Volume 1c, Chapter 21,1341-1393, Elsevier B.V., North-Holland.

  2. Blanchard, O., Galí, J., 2007. Real wage rigidities and the New Keynesian model. Journal of Money, Credit and Banking 39, 35-65.

  3. Borio, C., Disyatat, F. P., Juselius, M., 2017. Rethinking potential output: Embedding information about the financial cycle. Oxford Economic Papers 69, 655-677.

  4. Brooks, S. P., and A. Gelman, 1998. General Methods for Monitoring Convergence of Iterative Simulations. Journal of Computational and Graphical Statistics 7, 434-455.
    Paper not yet in RePEc: Add citation now
  5. Calvo, G., 1983. Staggered prices in a utility-maximizing framework. Journal of Monetary Economics 12, 383-398.

  6. Canova, F., 2014. Bridging DSGE Models and the Raw Data. Journal of Monetary Economics 67, 1-15.

  7. Carlstrom, C., Fuerst, T., Paustian, M., 2010. Optimal monetary policy in a model with agency costs. Journal of Money, Credit and Banking 42, 37-70.

  8. Chari, V. V., Kehoe, P., McGrattan, E., 2009. New Keynesian models: Not yet useful for policy analysis. American Economic Journal: Macroeconomics 1, 242–266.

  9. Christiano, L., Ilut, C., Motto, R., Rostagno, M., 2010 Monetary policy and stock market booms. Macroeconomic Challenges: The Decade Ahead, Federal Reserve Bank of Kansas City, Policy Symposium, Jackson Hole Wyoming.

  10. Christiano, L., Motto, R., Rostagno, M., 2014. Risk Shocks. American Economic Review 104, 27-65.

  11. Christiano, L.J., Eichenbaum, M., Evans, C.L., 2005. Nominal rigidities and the dynamic effects of a shock to monetary policy. Journal of Political Economy 113, 1-45.

  12. Christiano, L.J., Trabandt, M., Walentin, K., 2011. DSGE models for monetary policy analysis. Handbook of Monetary Economics, editors B. M. Friedman and M. Woodford, Volume 3a, Chapter 7, 285-367, Elsevier B.V., North-Holland.
    Paper not yet in RePEc: Add citation now
  13. Curdia, V., Woodford, M., 2010. Credit spreads and monetary policy. Journal of Money, Credit and Banking 42, 3-35.

  14. Davis, S., Huang, K.X.D., 2013. Optimal Monetary Policy Under Financial Sector Risk. Federal Reserve Bank of Dallas Working Paper 85.
    Paper not yet in RePEc: Add citation now
  15. De Fiore, F., Teles, P., Tristani, O., 2011. Monetary policy and the financing of firms. American Economic Journal: Macroeconomics 3, 112-142.

  16. De Fiore, F., Tristani, O., 2013. Optimal monetary policy in a model of the credit channel. Economic Journal 123, 906-931.

  17. Dedola, L., Karadi, P., Lombardo, G., 2013. Global implications of national unconventional policies. Journal of Monetary Economics 60, 66-85.

  18. Del Negro, M., Giannoni, M.P., Schorfheide, F., 2015. Inflation in the Great Recession and New Keynesian models. American Economic Journal: Macroeconomics 7, 168-196.

  19. Del Negro, M., Schorfheide, F., 2013. DSGE model-based forecasting. Handbook of Economic Forecasting, in: G. Elliott and C. Granger and A. Timmermann (ed.), Handbook of Economic Forecasting, edition 1, volume 2, chapter 0, pages 57-140, Elsevier.

  20. Durbin, J., Koopman, S. J., 2001. Time Series Analysis by State Space Methods, Oxford Statistical Science Series. OUP Oxford.

  21. Edge, R. M., M. T. Kiley, Laforte, J.-P., 2008. Natural rate measures in an estimated DSGE model of the U.S. economy. Journal of Economic Dynamics and Control 32, 2512–2535.

  22. Erceg, C. J., Henderson, D. W., Levin, A. T., 2000. Optimal monetary policy with staggered wage and price contracts. Journal of Monetary Economics 46, 281-313.

  23. Eusepi, S, Giannoni, M., and B. Preston, 2019. On the limits of monetary policy. Manuscript.
    Paper not yet in RePEc: Add citation now
  24. Faia, E., Monacelli, T., 2007. Optimal interest rate rules, asset prices, and credit frictions. Journal of Economic Dynamics and Control 31, 3228-3254.

  25. Fendoglu, S., 2014. Optimal monetary policy rules, financial amplification and uncertain business cycles. Journal of Economic Dynamics and Control 46, 271-305.

  26. Ferroni, F., 2011. Trend agnostic one-step estimation of DSGE models. The B.E. Journal of Macroeconomics 11(1).

  27. Fuentes Albero, C., 2019. Financial frictions, financial shocks and aggregate volatility. Journal of Money, Credit and Banking 51, 1581-1621.

  28. Furlanetto, F., Ravazzolo, F., Sarferaz, S., 2019. Identification of financial factors in economic fluctuations. Economic Journal 129, 311-337.

  29. Galí, J., Gertler, M., Lopez-Salido, J. D., 2007. Markups, gaps, and the welfare costs of business fluctuations. Review of Economics and Statistics 89, 44-59.

  30. Galí, J., Smets, F., Wouters, R., 2011. Unemployment in an estimated New Keynesian model. NBER Macro Annual 2011, 329-360.

  31. Gilchrist, S., Zakrajsek, E., 2011. Monetary policy and credit supply shocks. IMF Economic Review 59, 194-232.

  32. Gilchrist, S., Zakrajsek, E., 2012. Credit Spreads and Business Cycle Fluctuations. American Economic Review 102, 1692-1720.

  33. Ireland, P.N., 2007. Changes in the Federal Reserve's inflation target. Journal of Money, Credit and Banking 39, 1851-1882.

  34. Jermann, U., Quadrini, V., 2006. Financial innovations amd macroeconomic volatility. NBER Working Paper 12308.

  35. Jermann, U., Quadrini, V., 2012. Macroeconomic effects of financial shocks. American Economic Review 102, 238-271.

  36. Justiniano, A., Primiceri, G., Tambalotti, A., 2010. Investment shocks and business cycles. Journal of Monetary Economics 57, 132-145.

  37. Justiniano, A., Primiceri, G., Tambalotti, A., 2013. Is there a trade-off between inflation and output stabilization? American Economic Journal: Macroeconomics 5, 1-31.

  38. Levin, A. T., Onatski, A., Williams, J. C., Williams, N., 2005. Monetary policy under uncertainty in micro-founded macroeconometric models. NBER Macroeconomics Annual, 229–312.

  39. Nisticó, S., 2016. Optimal monetary policy and financial stability in a non-Ricardian economy. Journal of the European Economic Association 14, 1225-1252.

  40. Rabanal, P., Taheri Sanjani, M., 2015. Financial factors: Implications for output gaps. IMF Working Paper 15/153.

  41. Ravenna, F., Walsh, C., 2006. Optimal monetary policy with the cost channel. Journal of Monetary Economics 53, 199-216.

  42. Smets, F., Wouters, R., 2007. Shocks and frictions in US business cycles: A Bayesian DSGE approach, American Economic Review 97, 586-606.

  43. Walsh, C., 2006. Comment on “Monetary policy under uncertainty in micro-founded macroeconometric models.” In NBER Macroeconomics Annual 2005, editors M. Gertler and K. Rogoff, 297-308. Cambridge, MA: MIT Press.
    Paper not yet in RePEc: Add citation now
  44. Woodford, M., 2003. Interest and prices: Foundations of a theory of monetary policy. Princeton: Princeton University Press.
    Paper not yet in RePEc: Add citation now

Cocites

Documents in RePEc which have cited the same bibliography

  1. Commodity Exports, Financial Frictions and International Spillovers. (2022). Otrok, Christopher ; Mohimont, Jolan ; Houssa, Romain.
    In: Globalization Institute Working Papers.
    RePEc:fip:feddgw:95404.

    Full description at Econpapers || Download paper

  2. Systemic risk: A new trade-off for monetary policy?. (2017). Turunen, Jarkko ; Laseen, Stefan ; Pescatori, Andrea.
    In: Journal of Financial Stability.
    RePEc:eee:finsta:v:32:y:2017:i:c:p:70-85.

    Full description at Econpapers || Download paper

  3. Macro, Money, and Finance. (2016). Brunnermeier, M K ; Sannikov, Y.
    In: Handbook of Macroeconomics.
    RePEc:eee:macchp:v2-1497.

    Full description at Econpapers || Download paper

  4. Repensar la profundización financiera: estabilidad y crecimiento en los mercados emergentes. (2015). Svirydzenka, Katsiaryna ; Saborowski, Christian ; Cihak, Martin ; Sahay, Ratna ; Yousefi, Seyed Reza ; NDiaye, Papa ; Barajas, Adolfo ; Bi, Ran ; Ayala, Diana ; Gao, Yuan ; Kyobe, Annette ; Nguyen, Lam.
    In: Revista de Economía Institucional.
    RePEc:rei:ecoins:v:17:y:2015:i:33:p:73-107.

    Full description at Econpapers || Download paper

  5. Corporate Investment in Emerging Markets; Financing vs. Real Options Channel. (2015). Magud, Nicolas ; Valencia, Fabian ; Li, Delong.
    In: IMF Working Papers.
    RePEc:imf:imfwpa:2015/285.

    Full description at Econpapers || Download paper

  6. Financial stress and economic dynamics: The transmission of crises. (2015). Tetlow, Robert ; Hubrich, Kirstin.
    In: Journal of Monetary Economics.
    RePEc:eee:moneco:v:70:y:2015:i:c:p:100-115.

    Full description at Econpapers || Download paper

  7. Bank and Sovereign Risk Interdependence in the Euro Area. (2015). Kollintzas, Tryphon ; Tsoukalas, Konstantinos .
    In: CEPR Discussion Papers.
    RePEc:cpr:ceprdp:10485.

    Full description at Econpapers || Download paper

  8. La coordination entre politique monétaire et politique macroprudentielle. Que disent les modèles dsge ?. (2015). Dehmej, Salim ; Couppey-Soubeyran, Jézabel ; Carré, Emmanuel ; Carre, Emmanuel.
    In: Revue économique.
    RePEc:cai:recosp:reco_663_0541.

    Full description at Econpapers || Download paper

  9. The financial accelerator and market-based debt instruments: A role for maturities?. (2014). Kühl, Michael ; Kuhl, Michael.
    In: Discussion Papers.
    RePEc:zbw:bubdps:082014.

    Full description at Econpapers || Download paper

  10. Financial Frictions and Sources of Business Cycle. (2014). Sanjani, Marzie Taheri.
    In: IMF Working Papers.
    RePEc:imf:imfwpa:2014/194.

    Full description at Econpapers || Download paper

  11. Credit shocks and monetary policy in Brazil: a structural FAVAR approach. (2014). Valls Pereira, Pedro ; Fonseca, Marcelo Gonçalves da Silva, ; Pereira, Pedro L. Valls, .
    In: Textos para discussão.
    RePEc:fgv:eesptd:358.

    Full description at Econpapers || Download paper

  12. Monetarism rides again? US monetary policy in a world of Quantitative Easing. (2014). Minford, A. Patrick ; Meenagh, David ; Le, Vo Phuong Mai ; Le, Vo Phuong Mai, .
    In: CEPR Discussion Papers.
    RePEc:cpr:ceprdp:10250.

    Full description at Econpapers || Download paper

  13. Credit Risk in the Euro area.. (2014). Mojon, Benoit ; Gilchrist, Simon.
    In: Working papers.
    RePEc:bfr:banfra:482.

    Full description at Econpapers || Download paper

  14. China and global rebalancing: A two-country approach. (2013). Gauvin, Ludovic ; Carton, Benjamin ; Benassy-Quere, Agnès.
    In: China Economic Review.
    RePEc:eee:chieco:v:26:y:2013:i:c:p:118-139.

    Full description at Econpapers || Download paper

  15. Políticas de Encajes y Modelos Económicos. (2012). Carrera, Cesar.
    In: Working Papers.
    RePEc:rbp:wpaper:2012-006.

    Full description at Econpapers || Download paper

  16. How do business and financial cycles interact?. (2012). Terrones, Marco ; Kose, Ayhan ; Claessens, Stijn.
    In: Journal of International Economics.
    RePEc:eee:inecon:v:87:y:2012:i:1:p:178-190.

    Full description at Econpapers || Download paper

  17. Financial crises and liquidity shocks a bank-run perspective. (2012). Calvo, Guillermo.
    In: European Economic Review.
    RePEc:eee:eecrev:v:56:y:2012:i:3:p:317-326.

    Full description at Econpapers || Download paper

  18. Macro-Prudential Policy and the Conduct of Monetary Policy.. (2012). Mojon, Benoit ; CLERC, Laurent ; Beau, D..
    In: Working papers.
    RePEc:bfr:banfra:390.

    Full description at Econpapers || Download paper

  19. Reserve Requirements for Price and Financial Stability - When Are They Effective?. (2012). Towbin, Pascal ; Glocker, Christian.
    In: Working papers.
    RePEc:bfr:banfra:363.

    Full description at Econpapers || Download paper

  20. Financial intermediation, investment dynamics and business cycle fluctuations. (2011). Ajello, Andrea.
    In: MPRA Paper.
    RePEc:pra:mprapa:32447.

    Full description at Econpapers || Download paper

  21. The Dynamics of Housing Returns in Singapore: How Important are the International Transmission Mechanisms?. (2011). Leung, Charles ; Chen, Nan-Kuang ; Chang, Kuang Liang ; Leung, Charles Ka Yui, .
    In: MPRA Paper.
    RePEc:pra:mprapa:32255.

    Full description at Econpapers || Download paper

  22. The effect mechanism of credit constraint on cycles formation. (2011). Zhong, Changbiao ; Chen, Kunting .
    In: China Finance Review International.
    RePEc:eme:cfripp:v:1:y:2011:i:4:p:408-424.

    Full description at Econpapers || Download paper

  23. Droht in Deutschland eine Kreditklemme?. (2010). van Roye, Björn ; Groll, Dominik ; Dovern, Jonas ; Boysen-Hogrefe, Jens ; Scheide, Joachim .
    In: Kiel Discussion Papers.
    RePEc:zbw:ifwkdp:472-473.

    Full description at Econpapers || Download paper

  24. The Optimal Inflation Rate in New Keynesian Models. (2010). Wieland, Johannes ; Gorodnichenko, Yuriy ; Coibion, Olivier ; Olivier Coibion, Yuriy Gorodnichenko, Johannes F. , .
    In: NBER Working Papers.
    RePEc:nbr:nberwo:16093.

    Full description at Econpapers || Download paper

  25. Credit supply - Identifying balance-sheet channels with loan applications and granted loans. (2010). Saurina, Jesús ; Peydro, Jose-Luis ; Ongena, Steven ; Jimenez, Gabriel.
    In: Working Paper Series.
    RePEc:ecb:ecbwps:20101179.

    Full description at Econpapers || Download paper

  26. Monetary policy, housing booms and financial (im)balances. (2010). Hofmann, Boris ; Eickmeier, Sandra.
    In: Working Paper Series.
    RePEc:ecb:ecbwps:20101178.

    Full description at Econpapers || Download paper

  27. The external finance premium in the euro area A useful indicator for monetary policy?. (2010). Gelain, Paolo.
    In: Working Paper Series.
    RePEc:ecb:ecbwps:20101171.

    Full description at Econpapers || Download paper

  28. Financial Development and Amplification. (2009). Hirano, Tomohiro.
    In: MPRA Paper.
    RePEc:pra:mprapa:16907.

    Full description at Econpapers || Download paper

  29. Three Cycles; Housing, Credit, and Real Activity. (2009). Kabundi, Alain ; Igan, Deniz ; Pinheiro, Marcelo ; Nadal, Francisco D ; Tamirisa, Natalia T.
    In: IMF Working Papers.
    RePEc:imf:imfwpa:2009/231.

    Full description at Econpapers || Download paper

  30. Frugality; Are We Fretting Too Much? Household Saving and Assets in the United States. (2009). Abdih, Yasser ; Tanner, Evan C.
    In: IMF Working Papers.
    RePEc:imf:imfwpa:2009/197.

    Full description at Econpapers || Download paper

  31. Chained Credit Contracts and Financial Accelerators. (2009). Ueda, Kozo ; Sudo, Nao ; Hirakata, Naohisa.
    In: IMES Discussion Paper Series.
    RePEc:ime:imedps:09-e-30.

    Full description at Econpapers || Download paper

  32. A Vicious Cycle of Manias, Crashes and Asymmetric Policy Responses - An Overinvestment View. (2009). Schnabl, Gunther ; Hoffmann, Andreas.
    In: CESifo Working Paper Series.
    RePEc:ces:ceswps:_2855.

    Full description at Econpapers || Download paper

  33. House Price Developments in Europe; A Comparison. (2008). Hoffmaister, Alexander ; Shi, Haiyan ; Banerji, Angana ; Ceriel, Paul Louis.
    In: IMF Working Papers.
    RePEc:imf:imfwpa:2008/211.

    Full description at Econpapers || Download paper

  34. Fluttuazioni endogene, deflazione da debiti e instabilità finanziaria. (2006). Ferri, Piero.
    In: Moneta e Credito.
    RePEc:psl:moneta:2006:22.

    Full description at Econpapers || Download paper

  35. Wealth Effects in Europe; A Tale of Two Countries (Italy and the United Kingdom). (2006). Muoz, Sonia.
    In: IMF Working Papers.
    RePEc:imf:imfwpa:2006/030.

    Full description at Econpapers || Download paper

  36. An Estimated Small Open Economy Model of the Financial Accelerator. (2005). Tchakarov, Ivan ; Elekdag, Selim ; Espigares, Alejandro Justiniano.
    In: IMF Working Papers.
    RePEc:imf:imfwpa:2005/044.

    Full description at Econpapers || Download paper

  37. The Monetary Transmission Mechanism. (2005). Ireland, Peter.
    In: Boston College Working Papers in Economics.
    RePEc:boc:bocoec:628.

    Full description at Econpapers || Download paper

  38. Does Financial Structure Matter for the Information Content of Financial Indicators?. (2005). Djoudad, Ramdane ; Wilkins, Carolyn ; Selody, Jack .
    In: Staff Working Papers.
    RePEc:bca:bocawp:05-33.

    Full description at Econpapers || Download paper

  39. Inflation Targeting and Sudden Stops. (2004). Krishnamurthy, Arvind ; Caballero, Ricardo J..
    In: NBER Chapters.
    RePEc:nbr:nberch:9565.

    Full description at Econpapers || Download paper

  40. Globalization, Financial Volatility and Monetary Policy. (2004). Berger, Wolfram.
    In: Economic Change and Restructuring.
    RePEc:kap:ecopln:v:31:y:2004:i:2:p:163-184.

    Full description at Econpapers || Download paper

  41. Boom-Bust Phases in Asset Prices and Fiscal Policy Behavior. (2004). Schuknecht, Ludger ; Jaeger, Albert.
    In: IMF Working Papers.
    RePEc:imf:imfwpa:2004/054.

    Full description at Econpapers || Download paper

  42. Current Issues in the Design and Conduct of Monetary Policy. (2003). Khan, Mohsin S.
    In: IMF Working Papers.
    RePEc:imf:imfwpa:2003/056.

    Full description at Econpapers || Download paper

  43. Equilibrium analysis, banking, contagion and financial fragility. (2003). Tsomocos, Dimitrios.
    In: Bank of England working papers.
    RePEc:boe:boeewp:175.

    Full description at Econpapers || Download paper

  44. Houses as collateral: has the link between house prices and consumption in the U.K. changed?. (2002). Vlieghe, Gertjan ; Proudman, James ; aoki, kosuke.
    In: Economic Policy Review.
    RePEc:fip:fednep:y:2002:i:may:p:163-177:n:v.8no.1.

    Full description at Econpapers || Download paper

  45. Financial intermediation, agency and collateral and the dynamics of banking crises: theory and evidence for the Japanese banking crisis. (2002). Kletzer, Kenneth ; Dekle, Robert.
    In: Proceedings.
    RePEc:fip:fedfpr:y:2002:i:sep:x:5.

    Full description at Econpapers || Download paper

  46. House prices, consumption, and monetary policy: a financial accelerator approach. (2002). Vlieghe, Gertjan ; Proudman, James ; aoki, kosuke.
    In: Bank of England working papers.
    RePEc:boe:boeewp:169.

    Full description at Econpapers || Download paper

  47. The role of corporate balance sheets and bank lending policies in a financial accelerator framework. (2002). wetherilt, anne ; Hall, Simon .
    In: Bank of England working papers.
    RePEc:boe:boeewp:166.

    Full description at Econpapers || Download paper

  48. A Corporate Balance-Sheet Approach to Currency Crises. (2001). Bacchetta, Philippe ; Aghion, Philippe ; Banerjee, Abhijit.
    In: Cahiers de Recherches Economiques du Département d'Econométrie et d'Economie politique (DEEP).
    RePEc:lau:crdeep:01.14.

    Full description at Econpapers || Download paper

  49. Domestic Bank Regulation and Financial Crises; Theory and Empirical Evidence From East Asia. (2001). Dekle, Robert ; Kletzer, Kenneth.
    In: IMF Working Papers.
    RePEc:imf:imfwpa:2001/063.

    Full description at Econpapers || Download paper

  50. Financial accelerator effects in UK business cycles. (2001). Hall, Simon .
    In: Bank of England working papers.
    RePEc:boe:boeewp:150.

    Full description at Econpapers || Download paper

Coauthors

Authors registered in RePEc who have wrote about the same topic

Report date: 2025-02-26 14:15:00 || Missing content? Let us know

CitEc is a RePEc service, providing citation data for Economics since 2001. Sponsored by INOMICS. Last updated October, 6 2023. Contact: CitEc Team.

pFad - Phonifier reborn

Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


Alternative Proxies:

Alternative Proxy

pFad Proxy

pFad v3 Proxy

pFad v4 Proxy