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- W3122488175 abstract "I provide an application of the method by estimating a non-linear DSGE model of an economy with a banking sector that faces a collateral constraint. In this setting, bank capital is a key state variable. The economy exhibits an important non-linearity, as negative shocks to bank capital have a much more detrimental effect on real activity when the health of the banking sector is poor, than when banks are well-capitalized. Estimates of the non-linear model, based on the novel method here, suggest that this non-linearity is quantitatively powerful in US and Euro Area data." @default.
- W3122488175 created "2021-02-01" @default.
- W3122488175 creator A5036109321 @default.
- W3122488175 date "2013-01-01" @default.
- W3122488175 modified "2023-09-26" @default.
- W3122488175 title "Estimation of non-linear DSGE models made easy: taking second-order model approximations to the data (with an application to a DSGE model with a banking sector)" @default.
- W3122488175 hasPublicationYear "2013" @default.
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