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Simple Macroeconomic Models with a Banking Sector: II

Wednesday 22nd October 2014 - 14:00 to 15:00
INI Seminar Room 1
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 2: Countercyclical capital requirements and Credit Cycles: Aikman Haldane Nelson (2011) "Curbing the Credit Cycle" Bank of England, Gersbach Rochet (2013) "Capital Requirements and Credit Fluctuations" CEPR dp 9077
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University of Cambridge Research Councils UK
    Clay Mathematics Institute London Mathematical Society NM Rothschild and Sons