The Role of Capital Requirements and Credit Composition in the Transmission of Macroeconomic and Financial Shocks

Número: 
954
Publicado: 
Clasificación JEL: 
E5, G21, G28
Palabras clave: 
DSGE models, Financial Frictions, Macroprudential Policy

This paper builds a general equilibrium model that incorporates banks, financial frictions, default and a capital requirements. Ex-ante heterogeneous households decide how much to save or borrow for the sake of consumption (consumer credit) or the provisi