Financial-sector shocks in a credit-view model

C-Tier
Journal: Economics Letters
Year: 2011
Volume: 112
Issue: 3
Pages: 256-258

Score contribution per author:

1.009 = (α=2.02 / 1 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

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.

Technical Details

RePEc Handle
repec:eee:ecolet:v:112:y:2011:i:3:p:256-258
Journal Field
General
Author Count
1
Added to Database
2026-01-24