FIRMS' ENDOGENOUS ENTRY AND MONOPOLISTIC BANKING IN A DSGE MODEL
نویسندگان
چکیده
منابع مشابه
Firms learning price in a monopolistic competition economic model
This paper aims to investigate the possibility for monopolistically competitive firms to set the price and the quantity of goods through a reinforcement learning approach. The model incorporates a set of firms that produce and sell differentiated goods in monopolistically competitive markets and households that supply different types of labor, purchase goods for consumption and hold money. The ...
متن کاملUnexpected Banking Loan Losses in an Estimated DSGE Model
In spite of realizing more loss than expected and reserved provision in loaning process, some of our banks avoid recognizing the losses, through extension of the loan contracts and consequently do not shift the realized losses to their capital. With this in mind, the major objective of this study is to design a frame-work, through which we can explain the differences between the results of t...
متن کاملMonopolistic nonlinear pricing with consumer entry
We consider consumer entry in the canonical monopolistic nonlinear pricing model (Mussa and Rosen, 1978) wherein consumers learn their preference “types” after incurring privately known entry costs. We show that by taking into account consumer entry, the nature of optimal nonlinear pricing contracts changes significantly: compared to the benchmark without costly entry, in our model both quality...
متن کاملEffects of Nonperforming Loans on Endogenous Banking Money Creation and Banking Sector Fragility in Iran
In recent years, a gap between banks’ deposits and loans has been emerging and rather continuously growing. Also, loans to liabilities ratio and liquidity multiplier have been decreased and increased, respectively. Furthermore, a kind of stickiness has been observed in interbank interest rate. The objective of this paper is to explain the mentioned behaviors by investigating the effects of nonp...
متن کاملA Model for E-banking Trust In Iran’s Banking Industry
One of the crucial factors affecting success of e-banking services is customer’s trust. Acquiring customer trust depends on different variables that an e-banking struggles to control. This research aims to explain and clarify the inter-relationships and the interaction effects among customer’s online trust and other relevant factors such as satisfaction and loyalty in e-banking. We developed a ...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Macroeconomic Dynamics
سال: 2018
ISSN: 1365-1005,1469-8056
DOI: 10.1017/s1365100516000493