van der Hoog, Sander ; Dawid, Herbert: Bubbles, Crashes and the Financial Cycle. The Impact of Banking Regulation on Deep Recessions. In: Macroeconomic Dynamics. Jg.23 H. 3. 2019, S. 1205-1246
Inhalt
- Introduction
- Related literature
- The Model
- Overall Structure
- Firm sequence of activities
- Consumption goods sector
- Investment goods sector
- Labour market
- Financial management
- Dividend payout policy
- Firm credit demand
- Firm liquidity crisis
- Firm bankruptcy: Entry and Exit
- Debt deleveraging and restructuring
- Banking sector
- Results
- Methodology and Experimental Design
- Parametrization and empirical calibration
- Baseline Scenario
- Policy analysis
- Discussion
- Robustness analysis
- Business Cycle Analysis
- Rationing effects: Credit congestion and Zombie lending