Banking theories and macroeconomics

Online Appendix for “The Macroeconomics of Shadow Banking”

This document contains additional results for the paper “The Macroeconomics of Shadow Banking.” These results include robustness to alternative parameter values, evidence on the composition of the liquidity supply over the 2003–2015 cycle, and extensions for analyzing liquidity requirements and equity issuance costs. ∗Yale University School of Management, [email protected]. †New York Univer...

Macroeconomics and health.

The Commission on Macroeconomics and Health (CMH) was established by World Health Organization Director-General Gro Harlem Brundtland in January 2000 to assess the place of health in global economic development. Although health is widely understood to be both a central goal and an important outcome of development, the importance of investing in health to promote economic development and poverty...

Microfoundations and Macroeconomics

Intertemporal Macroeconomics

This chapter reviews models of intertemporal choice consumption demand and labour supply. We discuss optimal decisions by individuals at the microeconomic level and the implications for the aggregate economy. The chapter describes the equilibrium in a market-clearing neoclassical model and analyses effects of productivity and government sector shocks on optimal decisions by consumers and worker...

Macroeconomics: Heterogeneity