Title:Uncertainty shocks, banking frictions and economic activity Author(s):BONCIANI, Dario; VAN ROYE, BjörnDate:2016Citation:
- Journal of economic dynamics and control, 2016, Vol. 73, pp. 200-219
Type:ArticleAbstract:In this paper we investigate the effects of uncertainty shocks on economic activity in the euro area by using a Dynamic Stochastic General Equilibrium (DSGE) model with heterogenous agents and a stylized banking sector. ...