Financial sector shocks, external finance premium and business cycle

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Zhang, Hongu; Cardiff University;
  • Publisher: Cardiff University
  • Subject: HB

This paper extends Nolan and Thoenissen (2009), hence NT, model with an explicit financial intermediary that transfer funds from households to entrepreneurs subject to a well defined loan production function. The loan productivity shock is treated as the supply side fin... View more
  • References (1)

    0  m 0 0 Christiano, L.J., R. Motto and M. Rostagno (2010), “Financial factor in business fluctuations”, ECB Working Paper No. 1192.

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