It takes the average reader 1 hour and 1 minute to read Financial Crises in DSGE Models by Mr.Jaromir Benes
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This paper presents the theoretical structure of MAPMOD, a new IMF model designed to study vulnerabilities associated with excessive credit expansions, and to support macroprudential policy analysis. In MAPMOD, bank loans create purchasing power that facilitates adjustments in the real economy. But excessively large and risky loans can impair balance sheets and sow the seeds of a financial crisis. Banks respond to losses through higher spreads and rapid credit cutbacks, with adverse effects for the real economy. These features allow the model to capture the basic facts of financial cycles. A companion paper studies the simulation properties of MAPMOD.
Financial Crises in DSGE Models by Mr.Jaromir Benes is 59 pages long, and a total of 15,281 words.
This makes it 20% the length of the average book. It also has 19% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes 1 hour and 23 minutes to read Financial Crises in DSGE Models aloud.
Financial Crises in DSGE Models is suitable for students ages 8 and up.
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