How We Might Model a Credit Squeeze, and Draw some Policy Implications for Responding to it
AbstractThis paper endeavours to illustrate the consequences of a credit squeeze by inserting a standard model of retail banks into some familiar macroeconomic models. Some possible policy conclusions are drawn about the benefits of incentives to increase lending at these times, and to reduce it in much better times.
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Bibliographic InfoPaper provided by Department of Economics, University of Birmingham in its series Discussion Papers with number 08-10.
Length: 19 pages
Date of creation: Nov 2008
Date of revision:
credit famine; credit crunch;
Find related papers by JEL classification:
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