It takes the average reader and 56 minutes to read Financial Crises in DSGE Models: Selected Applications of MAPMOD by Jaromir Benes
Assuming a reading speed of 250 words per minute. Learn more
This paper, together with a technical companion paper, presents 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 both the pre-crisis and crisis phases of financial cycles.
Financial Crises in DSGE Models: Selected Applications of MAPMOD by Jaromir Benes is 55 pages long, and a total of 14,025 words.
This makes it 19% the length of the average book. It also has 17% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes 1 hour and 16 minutes to read Financial Crises in DSGE Models: Selected Applications of MAPMOD aloud.
Financial Crises in DSGE Models: Selected Applications of MAPMOD is suitable for students ages 8 and up.
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