FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W2142362906> ?p ?o ?g. }

• W2142362906 abstract "This paper introduces search frictions in nancial markets, within a standard quantitative monetary model, with the objective of generating greater persistence in the eects of monetary policy shocks. Specically, the paper rst assumes that banks enter into contact with suitable new entrepreneurs-clients via a search-and-matching mechanism similar to that used to study labour markets (Pissarides, 1985). Here, the interest rate on loans implements the sharing of the surplus associated with each bank-entrepreneur match. Second, we assume that the entrepreneurs, who oversee the production of the economy’s output, operate a diminishing-returns-to-scale technology. In this environment, banks have an incentive to use part of any unexpected liquidity injection to search for new clients rather than lending it all out to its existing ones, because spreading out a given supply of funds across a wide pool of projects attenuates the eects of diminishing returns to scale. Further, these increased search eorts generate persistent changes in the relative bargaining power of banks and entrepreneurs, which aects surplus sharing and thus the lending rate that implements it. The combination of these two eects is shown to add persistence to the decrease in nominal interest rates that follows monetary policy easings and to create hump-shaped responses in output and inflation." @default.
• W2142362906 created "2016-06-24" @default.
• W2142362906 creator A5043710673 @default.
• W2142362906 creator A5090695504 @default.
• W2142362906 date "2004-01-01" @default.
• W2142362906 modified "2023-09-27" @default.
• W2142362906 title "Search Frictions in Financial Markets and Monetary Policy" @default.
• W2142362906 cites W1542505976 @default.
• W2142362906 cites W1545115943 @default.
• W2142362906 cites W1547255078 @default.
• W2142362906 cites W1603459815 @default.
• W2142362906 cites W2014919914 @default.
• W2142362906 cites W2053582727 @default.
• W2142362906 cites W2060351950 @default.
• W2142362906 cites W2088565705 @default.
• W2142362906 cites W2096708057 @default.
• W2142362906 cites W2108756477 @default.
• W2142362906 cites W2111504671 @default.
• W2142362906 cites W2114514721 @default.
• W2142362906 cites W2125549684 @default.
• W2142362906 cites W2143841915 @default.
• W2142362906 cites W2164064703 @default.
• W2142362906 cites W2176723585 @default.
• W2142362906 cites W2740860026 @default.
• W2142362906 cites W3121729072 @default.
• W2142362906 cites W3122148297 @default.
• W2142362906 cites W3123018581 @default.
• W2142362906 cites W3123074162 @default.
• W2142362906 cites W3123325515 @default.
• W2142362906 cites W3124271576 @default.
• W2142362906 cites W3124573244 @default.
• W2142362906 cites W3125578965 @default.
• W2142362906 hasPublicationYear "2004" @default.
• W2142362906 type Work @default.
• W2142362906 sameAs 2142362906 @default.
• W2142362906 citedByCount "2" @default.
• W2142362906 countsByYear W21423629062012 @default.
• W2142362906 crossrefType "posted-content" @default.
• W2142362906 hasAuthorship W2142362906A5043710673 @default.
• W2142362906 hasAuthorship W2142362906A5090695504 @default.
• W2142362906 hasConcept C105795698 @default.
• W2142362906 hasConcept C121332964 @default.
• W2142362906 hasConcept C126285488 @default.
• W2142362906 hasConcept C154815372 @default.
• W2142362906 hasConcept C162324750 @default.
• W2142362906 hasConcept C165064840 @default.
• W2142362906 hasConcept C165083353 @default.
• W2142362906 hasConcept C175025494 @default.
• W2142362906 hasConcept C175444787 @default.
• W2142362906 hasConcept C183582576 @default.
• W2142362906 hasConcept C200941418 @default.
• W2142362906 hasConcept C2778348673 @default.
• W2142362906 hasConcept C2778755073 @default.
• W2142362906 hasConcept C29122968 @default.
• W2142362906 hasConcept C33332235 @default.
• W2142362906 hasConcept C33923547 @default.
• W2142362906 hasConcept C48057960 @default.
• W2142362906 hasConcept C556758197 @default.
• W2142362906 hasConcept C62520636 @default.
• W2142362906 hasConcept C84888623 @default.
• W2142362906 hasConceptScore W2142362906C105795698 @default.
• W2142362906 hasConceptScore W2142362906C121332964 @default.
• W2142362906 hasConceptScore W2142362906C126285488 @default.
• W2142362906 hasConceptScore W2142362906C154815372 @default.
• W2142362906 hasConceptScore W2142362906C162324750 @default.
• W2142362906 hasConceptScore W2142362906C165064840 @default.
• W2142362906 hasConceptScore W2142362906C165083353 @default.
• W2142362906 hasConceptScore W2142362906C175025494 @default.
• W2142362906 hasConceptScore W2142362906C175444787 @default.
• W2142362906 hasConceptScore W2142362906C183582576 @default.
• W2142362906 hasConceptScore W2142362906C200941418 @default.
• W2142362906 hasConceptScore W2142362906C2778348673 @default.
• W2142362906 hasConceptScore W2142362906C2778755073 @default.
• W2142362906 hasConceptScore W2142362906C29122968 @default.
• W2142362906 hasConceptScore W2142362906C33332235 @default.
• W2142362906 hasConceptScore W2142362906C33923547 @default.
• W2142362906 hasConceptScore W2142362906C48057960 @default.
• W2142362906 hasConceptScore W2142362906C556758197 @default.
• W2142362906 hasConceptScore W2142362906C62520636 @default.
• W2142362906 hasConceptScore W2142362906C84888623 @default.
• W2142362906 hasLocation W21423629061 @default.
• W2142362906 hasOpenAccess W2142362906 @default.
• W2142362906 hasPrimaryLocation W21423629061 @default.
• W2142362906 hasRelatedWork W1598379165 @default.
• W2142362906 hasRelatedWork W1600935682 @default.
• W2142362906 hasRelatedWork W1830274435 @default.
• W2142362906 hasRelatedWork W1982472063 @default.
• W2142362906 hasRelatedWork W2003477026 @default.
• W2142362906 hasRelatedWork W2124388947 @default.
• W2142362906 hasRelatedWork W2139549180 @default.
• W2142362906 hasRelatedWork W2241783067 @default.
• W2142362906 hasRelatedWork W2623225681 @default.
• W2142362906 hasRelatedWork W2946689741 @default.
• W2142362906 hasRelatedWork W3121270457 @default.
• W2142362906 hasRelatedWork W3121946177 @default.
• W2142362906 hasRelatedWork W3122162420 @default.
• W2142362906 hasRelatedWork W3122596723 @default.
• W2142362906 hasRelatedWork W3122829466 @default.
• W2142362906 hasRelatedWork W3123021328 @default.
• W2142362906 hasRelatedWork W3123108564 @default.

• next