Liquidity, business cycles and monetary policy: a simulation
Autor(a) principal: | |
---|---|
Data de Publicação: | 2010 |
Tipo de documento: | Dissertação |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10362/11846 |
Resumo: | A Masters Thesis, presented as part of the requirements for the award of a Research Masters Degree in Economics from NOVA – School of Business and Economics |
id |
RCAP_1659cca8bbf027c07c620f3df7a5b8b1 |
---|---|
oai_identifier_str |
oai:run.unl.pt:10362/11846 |
network_acronym_str |
RCAP |
network_name_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository_id_str |
7160 |
spelling |
Liquidity, business cycles and monetary policy: a simulationA Masters Thesis, presented as part of the requirements for the award of a Research Masters Degree in Economics from NOVA – School of Business and EconomicsIn Kiyotaki and Moore (2008) the authors develop a model in which di¤erences in the liquidity of distinct assets create a link between asset prices and macroeconomic aggregates. Their goal is to build a work- horse model that incorporates liquidity as the cause for the circulation of money, in a dynamic stochastic general equilibrium (DSGE) environment, close enough to the real business cycle (RBC) framework, and thus, suitable for studying monetary policy. In this article, I am interested in studying how this framework can be used to understand the e¤ects of liquidity and technology shocks in the U.S. economy. I calibrate their model and study the impact of adding up liquidity constraints on its RBC performance. I .nd that liquidity constraints have a remarkable impact on the volatility of investment and consumption. Moreover, I conclude that, in this context, asset prices. volatility is explained as a natural feature of a monetary economy when hit by liquidity shocks.NSBE - UNLTeles, PedroFranco, FrancescoRUNHenriques, Pedro Castro20102010-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10362/11846enginfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-03-11T03:46:32Zoai:run.unl.pt:10362/11846Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:20:34.833119Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
Liquidity, business cycles and monetary policy: a simulation |
title |
Liquidity, business cycles and monetary policy: a simulation |
spellingShingle |
Liquidity, business cycles and monetary policy: a simulation Henriques, Pedro Castro |
title_short |
Liquidity, business cycles and monetary policy: a simulation |
title_full |
Liquidity, business cycles and monetary policy: a simulation |
title_fullStr |
Liquidity, business cycles and monetary policy: a simulation |
title_full_unstemmed |
Liquidity, business cycles and monetary policy: a simulation |
title_sort |
Liquidity, business cycles and monetary policy: a simulation |
author |
Henriques, Pedro Castro |
author_facet |
Henriques, Pedro Castro |
author_role |
author |
dc.contributor.none.fl_str_mv |
Teles, Pedro Franco, Francesco RUN |
dc.contributor.author.fl_str_mv |
Henriques, Pedro Castro |
description |
A Masters Thesis, presented as part of the requirements for the award of a Research Masters Degree in Economics from NOVA – School of Business and Economics |
publishDate |
2010 |
dc.date.none.fl_str_mv |
2010 2010-01-01T00:00:00Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/masterThesis |
format |
masterThesis |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10362/11846 |
url |
http://hdl.handle.net/10362/11846 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
NSBE - UNL |
publisher.none.fl_str_mv |
NSBE - UNL |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
instname_str |
Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
instacron_str |
RCAAP |
institution |
RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
collection |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository.name.fl_str_mv |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
repository.mail.fl_str_mv |
|
_version_ |
1799137847023763456 |