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Financial-Sector Shocks in a Credit-View Model

Author

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  • Burton A. Abrams

    (Department of Economics,University of Delaware)

Abstract

A variation of the Bernanke-Blinder credit-view model reveals that holding constant the money supply following various financial-sector shocks, including an autonomous drop in the money multiplier, is insufficient to prevent aggregate demand from decreasing.

Suggested Citation

  • Burton A. Abrams, 2011. "Financial-Sector Shocks in a Credit-View Model," Working Papers 11-01, University of Delaware, Department of Economics.
    • Handle: RePEc:dlw:wpaper:11-01.
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    File URL: http://graduate.lerner.udel.edu/sites/default/files/ECON/PDFs/RePEc/dlw/WorkingPapers/2011/UDWP2011-01.pdf
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    Cited by:

    1. Damjanovic, Tatiana & Girdėnas, Šarūnas, 2014. "Quantitative easing and the loan to collateral value ratio," Journal of Economic Dynamics and Control, Elsevier, vol. 45(C), pages 146-164.
    2. Tatiana Damjanovic & Vladislav Damjanovic & Charles Nolan, 2017. "Liquidity Risk, Credit Risk and the Money Multiplier," Working Papers 2017_09, Business School - Economics, University of Glasgow.
    3. Tatiana Damjanovic & Vladislav Damjanovic & Charles Nolan, 2016. "Risk Management and the Money Multiplier," CEMAP Working Papers 2016_03, Durham University Business School.
    4. Tatiana Damjanovic & Sarunas Girdenas, 2013. "Should Central Bank respond to the Changes in the Loan to Collateral Value Ratio and in the House Prices?," Discussion Papers 1303, University of Exeter, Department of Economics.

    More about this item

    Keywords

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    JEL classification:

    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
    • E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers

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