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:: Volume 21, Issue 66 (Quarterly Journal of Economic Research and Policies 2013) ::
qjerp 2013, 21(66): 39-68 Back to browse issues page
Banks Respond to Monetary Policy Shocks Based on DSGE Model
Nader Mehregan * , Hasan Daliri
Abstract:   (9421 Views)
The role of financial intermediaries in the monetary transmission mechanism has been largely neglected in the study of macroeconomic fluctuations. Until recently, most dynamic stochastic general equilibrium models (DSGE) that were used to conduct monetary policy analyses incorporated a frictionless financial sector. In this study, we investigated that how banks will react if monetary shock occurs in the economy. To do so we used DSGE model and Bayesian Estimate. The results show that the monetary shocks Increase demand for loans and reduce the amount of deposits.
Keywords: Monetary Policy, Banking Industry, DSGE Model
Full-Text [PDF 558 kb]   (5366 Downloads)    
Type of Study: Research | Subject: Special
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Mehregan N, Daliri H. Banks Respond to Monetary Policy Shocks Based on DSGE Model . qjerp 2013; 21 (66) :39-68
URL: http://qjerp.ir/article-1-725-en.html


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Creative Commons License This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
Volume 21, Issue 66 (Quarterly Journal of Economic Research and Policies 2013) Back to browse issues page
فصلنامه پژوهشها و سیاستهای اقتصادی Journal of Economic Research and Policies
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