Fiscal deficits, financial fragility, and the effectiveness of government policies:
Saved in:
| Main Authors: | , |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Frankfurt, M.
Dt. Bundesbank
2012
|
| Series: | Discussion paper / Deutsche Bundesbank
Eurosystem 2012,20 |
| Subjects: | |
| Online Access: | Volltext Inhaltsverzeichnis |
| Item Description: | Zsfassung in dt. u. engl. Sprache. - Online-Ausg. im Internet |
| Physical Description: | 53 S. graph. Darst. |
| ISBN: | 9783865588340 9783865588333 |
Staff View
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Record in the Search Index
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| adam_text | Titel: Fiscal deficits, financial fragility, and the effectiveness of government policies
Autor: Kirchner, Markus
Jahr: 2012
Contents
1 Introduction 1
2 Model description 5
2.1 Households ................................... 5
2.2 Financial intermediaries............................ 7
2.2.1 Bank manager.............................. 8
2.2.2 Portfolio manager............................ 10
2.3 Goods-producing firms............................. 11
2.3.1 Final goods producers......................... 11
2.3.2 Retail firms............................... 11
2.3.3 Intermediate goods producers..................... 12
2.4 Capital-producing firms ............................ 13
2.5 Fiscal policy................................... 14
2.6 Monetary policy................................. 16
2.7 Aggregation and market clearing ....................... 16
2.7.1 Financial variables........................... 16
2.7.2 Factor demands............................. 18
2.7.3 Aggregate supply............................ 18
2.7.4 Goods market clearing......................... 19
2.8 Equilibrium................................... 19
3 Model analysis 19
3.1 Calibration ................................... 19
3.2 Effects of a surprise spending shock...................... 21
3.3 Effects of a pre-announced spending shock.................. 23
3.4 Financial crisis and policy responses...................... 26
3.4.1 Fiscal stimulus after a capital quality shock ............. 26
3.4.2 Financial sector support measures................... 29
3.4.3 Output gains from government policies................ 31
4 Related empirical evidence 33
5 Conclusion 35
A Steady State Solution 38
B The Model without Financial Frictions 40
References 42
|
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| ctrlnum | (OCoLC)809980159 (DE-599)BVBBV040469424 |
| discipline | Wirtschaftswissenschaften |
| era | Geschichte 2007-2010 gnd |
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| id | DE-604.BV040469424 |
| illustrated | Illustrated |
| indexdate | 2024-07-10T00:24:33Z |
| institution | BVB |
| isbn | 9783865588340 9783865588333 |
| language | English |
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| physical | 53 S. graph. Darst. |
| psigel | ebook |
| publishDate | 2012 |
| publishDateSearch | 2012 |
| publishDateSort | 2012 |
| publisher | Dt. Bundesbank |
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| series2 | Discussion paper / Deutsche Bundesbank |
| spelling | Kirchner, Markus Verfasser aut Fiscal deficits, financial fragility, and the effectiveness of government policies Markus Kirchner ; Sweder van Wijnbergen Frankfurt, M. Dt. Bundesbank 2012 53 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Discussion paper / Deutsche Bundesbank Eurosystem 2012,20 Zsfassung in dt. u. engl. Sprache. - Online-Ausg. im Internet Geschichte 2007-2010 gnd rswk-swf Wirtschaftspolitik (DE-588)4066493-4 gnd rswk-swf Staatsanleihe (DE-588)4182638-3 gnd rswk-swf Bank (DE-588)4004436-1 gnd rswk-swf Finanzkrise (DE-588)7635855-0 gnd rswk-swf Kreditgewährung (DE-588)4132159-5 gnd rswk-swf Wirtschaftspolitik (DE-588)4066493-4 s Staatsanleihe (DE-588)4182638-3 s Bank (DE-588)4004436-1 s Kreditgewährung (DE-588)4132159-5 s Finanzkrise (DE-588)7635855-0 s Geschichte 2007-2010 z b DE-604 Wijnbergen, Sweder van 1951- Verfasser (DE-588)132247070 aut Deutsche Bundesbank Discussion paper Eurosystem ; 2012,20 (DE-604)BV040156046 2012,20 http://www.bundesbank.de/Redaktion/EN/Downloads/Publications/Discussion_Paper_1/2012/2012_08_31_dkp_20.pdf?__blob=publicationFile Verlag kostenfrei Volltext HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=025316745&sequence=000004&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Kirchner, Markus Wijnbergen, Sweder van 1951- Fiscal deficits, financial fragility, and the effectiveness of government policies Wirtschaftspolitik (DE-588)4066493-4 gnd Staatsanleihe (DE-588)4182638-3 gnd Bank (DE-588)4004436-1 gnd Finanzkrise (DE-588)7635855-0 gnd Kreditgewährung (DE-588)4132159-5 gnd |
| subject_GND | (DE-588)4066493-4 (DE-588)4182638-3 (DE-588)4004436-1 (DE-588)7635855-0 (DE-588)4132159-5 |
| title | Fiscal deficits, financial fragility, and the effectiveness of government policies |
| title_auth | Fiscal deficits, financial fragility, and the effectiveness of government policies |
| title_exact_search | Fiscal deficits, financial fragility, and the effectiveness of government policies |
| title_full | Fiscal deficits, financial fragility, and the effectiveness of government policies Markus Kirchner ; Sweder van Wijnbergen |
| title_fullStr | Fiscal deficits, financial fragility, and the effectiveness of government policies Markus Kirchner ; Sweder van Wijnbergen |
| title_full_unstemmed | Fiscal deficits, financial fragility, and the effectiveness of government policies Markus Kirchner ; Sweder van Wijnbergen |
| title_short | Fiscal deficits, financial fragility, and the effectiveness of government policies |
| title_sort | fiscal deficits financial fragility and the effectiveness of government policies |
| topic | Wirtschaftspolitik (DE-588)4066493-4 gnd Staatsanleihe (DE-588)4182638-3 gnd Bank (DE-588)4004436-1 gnd Finanzkrise (DE-588)7635855-0 gnd Kreditgewährung (DE-588)4132159-5 gnd |
| topic_facet | Wirtschaftspolitik Staatsanleihe Bank Finanzkrise Kreditgewährung |
| url | http://www.bundesbank.de/Redaktion/EN/Downloads/Publications/Discussion_Paper_1/2012/2012_08_31_dkp_20.pdf?__blob=publicationFile http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=025316745&sequence=000004&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| volume_link | (DE-604)BV040156046 |
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