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150128 ||| eng |
| 020 |
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|a 9781475540239
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| 100 |
1 |
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|a Benes, Jaromir
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| 245 |
0 |
0 |
|a Financial Crises in DSGE Models
|b Selected Applications of MAPMOD
|c Jaromir Benes, Michael Kumhof, Douglas Laxton
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| 260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2014
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| 300 |
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|a 55 pages
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| 653 |
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|a Finance, Public
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| 653 |
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|a Depository Institutions
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| 653 |
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|a Inflation
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| 653 |
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|a Public Administration
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| 653 |
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|a Credit
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| 653 |
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|a Asset requirements
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| 653 |
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|a Capital adequacy requirements
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| 653 |
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|a Banks
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| 653 |
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|a Banks and banking
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| 653 |
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|a Monetary economics
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| 653 |
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|a Financial statements
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| 653 |
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|a Deflation
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| 653 |
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|a Monetary Policy, Central Banking, and the Supply of Money and Credit: General
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| 653 |
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|a Micro Finance Institutions
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| 653 |
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|a Financial Institutions and Services: Government Policy and Regulation
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| 653 |
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|a Mortgages
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| 653 |
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|a Asset prices
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| 653 |
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|a Money and Interest Rates: Forecasting and Simulation
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| 653 |
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|a Price Level
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| 653 |
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|a Cycles
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| 653 |
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|a Accounting
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| 653 |
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|a Banks and Banking
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| 653 |
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|a Public Sector Accounting and Audits
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| 653 |
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|a Financial Markets and the Macroeconomy
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| 653 |
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|a Prices
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| 653 |
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|a Macroeconomics
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| 653 |
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|a Bank credit
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| 653 |
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|a Banking
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| 653 |
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|a Business Fluctuations
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| 653 |
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|a Financial reporting, financial statements
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| 653 |
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|a Money and Monetary Policy
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| 653 |
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|a Financial services law & regulation
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| 700 |
1 |
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|a Kumhof, Michael
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| 700 |
1 |
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|a Laxton, Douglas
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| 041 |
0 |
7 |
|a eng
|2 ISO 639-2
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| 989 |
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|b IMF
|a International Monetary Fund
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| 490 |
0 |
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|a IMF Working Papers
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| 028 |
5 |
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|a 10.5089/9781475540239.001
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| 856 |
4 |
0 |
|u https://elibrary.imf.org/view/journals/001/2014/056/001.2014.issue-056-en.xml?cid=41466-com-dsp-marc
|x Verlag
|3 Volltext
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| 082 |
0 |
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|a 330
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| 520 |
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|a This paper, together with a technical companion paper, presents MAPMOD, a new IMF model designed to study vulnerabilities associated with excessive credit expansions, and to support macroprudential policy analysis. In MAPMOD, bank loans create purchasing power that facilitates adjustments in the real economy. But excessively large and risky loans can impair balance sheets and sow the seeds of a financial crisis. Banks respond to losses through higher spreads and rapid credit cutbacks, with adverse effects for the real economy. These features allow the model to capture the basic facts of both the pre-crisis and crisis phases of financial cycles
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