The financial accelerator in an estimated New Keynesian model

By I. Christensen, A. Dib. 2008

385 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/4ead1c1b9d77d10a2cbce203105fed35e5e62d76

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In Economics and Econometrics

Citations in the corpus

A new comparative approach to macroeconomic modeling and policy analysis (2012, background): “(2008) introduce investment adjustment costs a la Christiano et al. (2005), where it is costly for the households to change the level of gross investment.”
Sticky Prices versus Monetary Frictions: An Estimation of Policy Trade-Offs (2009, neutral): “…and hence implicitly or explicitly estimate a DSGE model-implied money demand function: Christiano, Eichenbaum and Evans (2005), Andres, Lopez-Salido, and Nelson (2004, 2007), Ireland (2004), Bouakez, Cardia, and Ruge-Murcia (2005, 2009), Christensen and Dib (2008), Guerron-Quintana (2008, 2009).”
Reserve Requirements for Price and Financial Stability - When are They Effective? (2012, background): “L = E [ π(2) t + λY ( Ŷt )2 + λL ( L̂t )2] , (19)”
Financial shocks and the US business cycle (2009, methodology): “Christensen and Dib (2008), on the other hand, use a maximumlikelihood procedure to estimate a new Keynesian model with and without a nancial accelerator mechanism, and incorporating a wider set of shocks compared with Meier and Müller.”
Macroeconomic Propagation Under Different Regulatory Regimes: Evidence From an Estimated DSGE Model For the Euro Area (2010, positive): “Recent work by Christiano, Motto, and Rostagno (2007), Christensen and Dib (2008), and Liu, Wang, and Zha (2009) quantifies the interlinkages between the financial and real sectors using a financial accelerator mechanism.”
The Real Consequences of Financial Stress (2013, methodology): “Model selection for the MRVAR specification (10) can be done using the AIC”
Identification of Financial Factors in Economic Fluctuations (2019, neutral): “Christensen and Dib (2008) change the form considered by Christiano et al. (2014) in their model with a financial accelerator.”
The External Finance Premium and the Macroeconomy: Us Post-Wwii Evidence (2008, neutral): “Christensen and Dib (2008), Meier and Müller (2006) and Queijo (2006) use the friction underlying the nancial accelerator to study di¤erences in the transmission of a number of structural shocks.”
Macroprudential Rules and Monetary Policy when Financial Frictions Matter (2015, positive): “See, for example, Christensen and Dib (2008) who estimate a sticky-price DSGE model with a ﬁ nancial accelerator using the U.S. data and ﬁ nd that their model is better able to account for the key features of the U.S. data than the same model withouta ﬁ nancial accelerator mechanism.”