Should monetary policy lean against the wind? Simulations based on a DSGE model with an occasionally binding credit constraint
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DOI: 10.1016/j.econmod.2019.09.043
Abstract: Abstract In this research paper, we extend the model constructed by Gambacorta and Signoretti (2014) by introducing an occasionally binding credit constraint based on a penalty function approach in line with Brzoza-Brzezina, Kolasa, and Makarski… read more here.
Keywords: credit constraint; model; occasionally binding; binding credit ... See more keywords
Rural Credit Constraint and Informal Rural Credit Accessibility in China
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DOI: 10.3390/su11071935
Abstract: This paper investigates the effects of rural households’ demographic characteristics on formal credit constraint, and explores the relationship between informal and formal lending in rural China. Using 2013 China’s Household Finance survey data, the authors… read more here.
Keywords: formal credit; rural credit; credit constraint; household ... See more keywords