Thesis icon

Thesis

Can Bernanke save QE? Bond supply shocks in a DSGE model with a Bernanke, Gertler, and Gilchrist style financial accelerator mechanism

Abstract:

This thesis inserts a household preference over bond maturities into a costly state verification financial accelerator model based on Christiano, Motto, and Rostagno’s 2014 AER paper . It is thus building both on the branch of the financial frictions literature that originated with Bernanke, Gertler, and Gilchrist’s 1999 paper, and more recent post-crisis attempts to study the macroeconomic affects of quantitative easing programs within the DSGE framework. It uses a sufficiently large ‘ris...

Expand abstract

Actions


Access Document


Files:

Authors


More by this author
Institution:
University of Oxford
Division:
SSD
Department:
Economics
Sub department:
Economics
Oxford college:
Pembroke College
Role:
Author

Contributors

Role:
Supervisor
Type of award:
MPhil
Level of award:
Masters
Awarding institution:
University of Oxford
Language:
English
Keywords:
Subjects:
Deposit date:
2020-11-13

Terms of use


Views and Downloads






If you are the owner of this record, you can report an update to it here: Report update to this record

TO TOP