Utilize este identificador para referenciar este registo:
http://hdl.handle.net/10071/18139
Registo completo
Campo DC | Valor | Idioma |
---|---|---|
dc.contributor.author | Leão, E. R. | - |
dc.contributor.author | Leão, P. R. | - |
dc.date.accessioned | 2019-05-24T13:47:23Z | - |
dc.date.available | 2019-05-24T13:47:23Z | - |
dc.date.issued | 2007 | - |
dc.identifier.issn | 0264-9993 | - |
dc.identifier.uri | http://hdl.handle.net/10071/18139 | - |
dc.description.abstract | This paper incorporates two components of a modern monetary system into a standard real business cycle model: a central bank which lends reserves to commercial banks and charges a repo interest rate; and banks which make loans under a fractional reserve system and thereby create money. We examine the response of our model to shocks in the monetary base, in the currency-deposits ratio and in the required reserve ratio. Our main finding is that all these monetary shocks lead to changes in the composition of total investment between the banking and the non-banking sectors. | eng |
dc.language.iso | eng | - |
dc.publisher | Elsevier | - |
dc.rights | openAccess | - |
dc.subject | Dynamic general equilibrium | eng |
dc.subject | Central bank repo rate | eng |
dc.subject | Currency–deposits ratio | eng |
dc.subject | Required reserve ratio | eng |
dc.subject | Composition of investment expenditure | eng |
dc.title | Modelling the central bank repo rate in a dynamic general equilibrium framework | eng |
dc.type | article | - |
dc.pagination | 571 - 610 | - |
dc.peerreviewed | yes | - |
dc.journal | Economic Modelling | - |
dc.volume | 24 | - |
dc.number | 4 | - |
degois.publication.firstPage | 571 | - |
degois.publication.lastPage | 610 | - |
degois.publication.issue | 4 | - |
degois.publication.title | Modelling the central bank repo rate in a dynamic general equilibrium framework | eng |
dc.date.updated | 2019-05-24T14:47:04Z | - |
dc.description.version | info:eu-repo/semantics/acceptedVersion | - |
dc.identifier.doi | 10.1016/j.econmod.2006.12.003 | - |
dc.subject.fos | Domínio/Área Científica::Ciências Sociais::Economia e Gestão | por |
iscte.identifier.ciencia | https://ciencia.iscte-iul.pt/id/ci-pub-6037 | - |
iscte.alternateIdentifiers.wos | WOS:000246314000002 | - |
iscte.alternateIdentifiers.scopus | 2-s2.0-34147144963 | - |
Aparece nas coleções: | DE-RI - Artigos em revistas internacionais com arbitragem científica |
Ficheiros deste registo:
Ficheiro | Descrição | Tamanho | Formato | |
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ECMODE-D-05-00045.pdf | Pós-print | 2,13 MB | Adobe PDF | Ver/Abrir |
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