Discussion Paper
Nr. 2008-40 |
December 16, 2008
How We Might Model a Credit Squeeze, and Draw Some Policy Implications
Abstract
This paper endeavours to illustrate the consequences of a credit squeeze by inserting a standard model of retail banks into some familiar macroeconomic models. Some possible policy conclusions are drawn about the benefits of incentives to increase lending at these times, and to reduce it in much better times.
Paper submitted to the special issue “Learning from the Financial Crisis”
Citation
Peter Sinclair (2008). How We Might Model a Credit Squeeze, and Draw Some Policy Implications. Economics Discussion Papers, No 2008-40.
http://www.economics-ejournal.org/economics/discussionpapers/2008-40
Assessment
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Comments and Questions
Anonymous -
Editors Decision
September 03, 2009 - 11:34
The referee reports on the paper by Professor Sinclair are both positive. Papers whose models can give insights on the current crisis are highly needed. This paper is an excellent example of this. Hence, the paper should be accepted for publication.
see attached file