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Credit and banking in a DSGE model of the euro areaby Andrea Gerali, Stefano Neri, Luca Sessa and Federico Maria Signoretti(Working Paper) Number 740
This paper studies the role of credit-supply factors in business cycle fluctuations. For this purpose, we introduce an imperfectly competitive banking sector into a DSGE model with financial frictions. Banks issue collateralized loans to b…
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