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Simple Macroeconomic Models with a Banking Sector: I

Date: 
Wednesday 22nd October 2014 - 10:30 to 11:30
Venue: 
INI Seminar Room 1
Abstract: 
In parallel with the development of DSGE models with frictions, a series of papers have recently proposed to integrate banks within much simpler macro models. The objective is to develop simple calibrations allowing to assess in a transparent way the impact of bank capital regulation on growth and credit cycles. The aim of the tutorial is to present some of these models. Topic 1: Capital requirements and welfare: Van den Heuvel "the Welfare Cost of Bank Capital Requirements" Journal of Monetary Economics 2007 Nguyen, "Bank Capital requirements: A quantitative analysis" Wharton School 2013 de Nicolo, Gamba and Lucchetta "Microprudential regulation in a dynamic model of banking " IMF 2013
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University of Cambridge Research Councils UK
    Clay Mathematics Institute London Mathematical Society NM Rothschild and Sons