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