Financial Innovations and Macroeconomic Volatility

By Urban Jermann, Vincenzo Quadrini. 2006

156 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/b8b8d9e765347693385b9ba58eacc1e269ca6846

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Citations in the corpus

Financial Factors in Economic Fluctuations (2010, unknown): “[66] Jermann, Urban and Vincenzo Quadrini, 2007, “Financial Innovations and Macroeconomic Volatility,” University of Southern California.”
Capital Regulation, Risk-Taking and Monetary Policy: A Missing Link in the Transmission Mechanism? (2008, unknown): “There is, of course, a broader literature on the impact of financial innovation, often noting its dampening effect on the real economy; see, for instance, Kuttner and Mosser (2001), Estrella (2002), Sellon (2002), Dynan et al (2006), Cecchetti et al (2006), Jermann and Quadrini (2007).”
Firm Financing over the Business Cycle (2018, unknown): “Jermann and Quadrini (2012)).”
The Cyclical Behavior of Debt and Equity Finance (2011, background): “3Whereas Jermann and Quadrini (2006) nd that debt is procyclical and equity issuance is countercyclical, Robert A. Korajczyk and Amnon Levy (2003) nd that equity issuance is procyclical and debt issuance is countercyclical.”
Endogenous Sudden Stops in a Business Cycle Model with Collateral Constraints:A Fisherian Deflation of Tobin's Q (2006, background): “…cycle transmission mechanism, along the lines of the recent Macroeconomics literature on this subject, including Kiyotaki and Moore (1997), Bernanke, Gertler and Gilchrist (1998), Aiyagari and Gertler (1999), Kocherlakota (2000), Cooley, Miramon and Quadrini (2004) and Jermann and Quadrini (2005).”
A model of unconventional monetary policy (2011, background): “where φt is the leverage ratio for privately intermediated funds (see equations (13) and ( 15 ), and where φct is the leverage ratio for total intermediated funds, public as well as well private.”
A simple accounting framework for the effect of resource misallocation on aggregate productivity (2008, result): “This firm’s problem is similar to that of Jermann and Quadrini (2006) except for the timing of the investment and the formulation of the borrowing constraint.”