Technology shocks, banking sector policy, and the trade-off between firms and households

Economic Analysis and Policy - Tập 75 - Trang 664-688 - 2022
Saurabh Ghosh1, Pawan Gopalakrishnan1, Abhishek Ranjan1
1Strategic Research Unit, Department of Economic and Policy Research, Reserve Bank of India, Shahid Bhagat Singh Marg, Fort, Mumbai 400001, India

Tài liệu tham khảo

Ambler, 1996, Fiscal spending shocks, endogenous government spending, and real business cycles, J. Econom. Dynam. Control, 14, 237, 10.1016/0165-1889(94)00850-X Aschauer, 1985, Fiscal policy and aggregate demand, Amer. Econ. Rev., 75, 117 Atkenson, 1996, Wealth varying inter-temporal elasticities of substitution: Evidence from panel and aggregate data, J. Monetary Econ., 38, 507, 10.1016/S0304-3932(96)01290-1 Azariadis, 2004, Trend-reverting fluctuations in the life-cycle model, J. Econom. Theory, 119, 334, 10.1016/S0022-0531(03)00032-2 Banerjee, 2019, Technology shocks and business cycles in India, Macroecon. Dyn., 23, 1721, 10.1017/S1365100517000438 Banerjee, 2020, A monetary business cycle for India, Econ. Inq., 58, 1362, 10.1111/ecin.12855 Barro, 1981, Output effects of government purchases, J. Polit. Econ., 89, 1086, 10.1086/261024 Barro, 2006, Rare disasters and asset markets in the twentieth century, Q. J. Econ., 121, 823, 10.1162/qjec.121.3.823 Barro, 2009, Rare disasters, asset prices, and welfare costs, Amer. Econ. Rev., 99, 243, 10.1257/aer.99.1.243 2010 Bean, 1986, The estimation of surprise models and the surprise consumption function, Rev. Econom. Stud., 53, 497, 10.2307/2297603 Beaudry, 2006, Stock prices, news, and economic fluctuations, American Economic Review, 96, 1293, 10.1257/aer.96.4.1293 Bhadury, S., Ghosh, S., Gopalakrishnan, P., 2021. In Quest for Policy ‘Silver Bullets’ Towards Triggering a V-Shaped Recovery. MPRA Working Paper 110976, pp. 1–28. Cardani, R., Croitorov, O., Giovannini, M., Pfeiffer, P., Ratto, M., Vogel, L., 2021. The Euro Area’s Pandemic Recession: A DSGE-Based Interpretation. European Economy Discussion Papers, (153), December. Christiano, 1992, Current real business cycle theories and aggregate labor market fluctuations, Amer. Econ. Rev., 82, 430 Corrado, 2021, Identifying econoimc shocks in a rare disaster environment, CEIS Res. Pap. Ser., 19 Dave, 2021, Fiscal austerity in emerging market economies, Stud. Nonlinear Dyn. Econom., 25, 365, 10.1515/snde-2019-0042 Dubey, 2007, Default and punishment in general equilibrium, Econometrica, 73, 1, 10.1111/j.1468-0262.2005.00563.x Farhi, 2016, Rare disasters and exchange rates, Q. J. Econ., 131, 1, 10.1093/qje/qjv040 Gabriel, 2012, An estimated DSGE model for the Indian economy, 835 Gerali, 2010, Credit and banking in a DSGE model of the euro area, J. Money Credit Bank., 42, 107, 10.1111/j.1538-4616.2010.00331.x Gertler, 2011, A model of unconventional monetary policy, J. Monet. Econ., 58, 17, 10.1016/j.jmoneco.2010.10.004 Ghate, 2016, Sectoral infrastructure investments in an unbalanced growing economy: The case of potential growth in India, Asian Dev. Rev., 33, 144, 10.1162/ADEV_a_00076 Ghate, 2016, Fiscal policy in an emerging market business cycle model, J. Econ. Asymmetries, 14, 52, 10.1016/j.jeca.2016.07.004 Ghosh, 2020, Recapitalization in an economy with state-owned banks — A DSGE framework, Theor. Econ. Lett., 10, 232, 10.4236/tel.2020.101015 Gunn, 2011, News and knowledge capital, Review of Economic Dynamics, 14, 92, 10.1016/j.red.2010.07.003 Herwadkar, S., Verma, R., 2019. Bank Recapitalisation and Credit Growth: The Indian Case. MPRA Working Paper, Dec(97394). Hnatkovska, 2013, Breaking the caste barrier intergenerational mobility in india, The Journal of Human Resources, 48, 435, 10.3368/jhr.48.2.435 Kormendi, 1995, Government debt, government spending, and private-sector behavior: Reply, Amer. Econ. Rev., 85, 1357 Kuehlwein, 1998, Evidence on the substitutability between government purhcases and consumer spending within specific spending categories, Econom. Lett., 58, 325, 10.1016/S0165-1765(97)00291-7 Lahiri, 2016, The challenges of monetary policy in emerging economies Mateos-Planas, 2014, Consumer default with complete markets: default-based pricing and finite punishment., Econom. Theory, 56, 549, 10.1007/s00199-013-0792-9 Mohan, 2002, Transforming Indian banking: In search of a better tomorrow, RBI Bull., January Panetta, F., Faeh, T., Grande, G., Ho, C., King, M., Levy, A., Signoretti, F.M., Taboga, M., Zahini, A., 2009. An Assessment of Financial Sector Rescue Programmes. BIS Working Paper, 48. 2014 2021 2021, 24 2021 2021 2022 Smets, 2003, An estimated dynamic stochastic general equilibrium model of the euro area, J. Eur. Econom. Assoc., 1, 1123, 10.1162/154247603770383415 Taleb, 2007, 400