Series: IMF Working Papers
Author(s): Jan Vlcek , and Scott Roger
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 January 2012
Keywords: Monetary policy analysis, financial frictions, macroeconomic modeling, banking, bank capital, financial stability, banking sector, interbank market, Macroeconomics: Consumption, Saving
This paper surveys dynamic stochastic general equilibrium models with financial frictions in use by central banks and discusses priorities for future development of such models for the purpose of monetary and finan...