Keyword: financial frictions

Monetary policy in a model with commodity and financial markets
Uncovering the key drivers of business cycles of commodity exportin...
2 July 2019
Policy Brief
Monetary policy in a model with commodity and financial market
This paper builds a small open economy model for a net commodity ex...
14 May 2019
Working Paper
South Africa’s real business cycles: The Cycle is the trend
This paper tests the ‘cycle is the trend’ hypothesis. We investigat...
1 July 2016
Working Paper
Credit spread variability in U.S. business cycles: The Great Moderation versus the Great Recession
This paper establishes the prevailing financial factors that influe...
20 August 2014
Working Paper
The Equity Price Channel in a New-Keynesian DSGE Model with Financial Frictions and Banking
This paper studies the role of the equity price channel in business...
23 July 2013
Working Paper