Search Results - "Kiyotaki, Nobuhiro"

Banking, Liquidity, and Bank Runs in an Infinite Horizon Economy by Gertler, Mark, Kiyotaki, Nobuhiro

“…We develop an infinite horizon macroeconomic model of banking that allows for liquidity mismatch and bank runs. Whether a bank run equilibrium exists depends…”
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The Great Escape? A Quantitative Evaluation of the Fed's Liquidity Facilities by Del Negro, Marco, Eggertsson, Gauti, Ferrero, Andrea, Kiyotaki, Nobuhiro

“…We introduce liquidity frictions into an otherwise standard DSGE model with nominal and real rigidities and ask: can a shock to the liquidity of private paper…”
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Financial crises, bank risk exposure and government financial policy by Gertler, Mark, Kiyotaki, Nobuhiro, Queralto, Albert

“…A macroeconomic model with financial intermediation is developed in which the intermediaries (banks) can issue outside equity as well as short term debt. This…”
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Aggregate Implications of Credit Market Imperfections [with Comments and Discussion] by Matsuyama, Kiminori, Gertler, Mark, Kiyotaki, Nobuhiro

“…Credit market imperfections provide the key to understanding many important issues in business cycles, growth and development, and international economics…”
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A Macroeconomic Model with Financial Panics by GERTLER, MARK, KIYOTAKI, NOBUHIRO, PRESTIPINO, ANDREA

“…This article incorporates banks and banking panics within a conventional macroeconomic framework to analyse the dynamics of a financial crisis of the kind…”
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Credit booms, financial crises, and macroprudential policy by Gertler, Mark, Kiyotaki, Nobuhiro, Prestipino, Andrea

“…We develop a model of banking panics which is consistent with two important features of the data: First, banking crises are usually preceded by credit booms…”
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Housing, Distribution, and Welfare by KIYOTAKI, NOBUHIRO, MICHAELIDES, ALEXANDER, NIKOLOV, KALIN

“…Housing is a long‐lived asset whose value is sensitive to variations in expectations of long‐run growth rates and interest rates. When a large fraction of…”
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Winners and Losers in Housing Markets by KIYOTAKI, NOBUHIRO, MICHAELIDES, ALEXANDER, NIKOLOV, KALIN

“…This paper is a quantitatively oriented theoretical study into the interaction between housing prices, aggregate production, and household behavior over a…”
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Anticipated Banking Panics by Gertler, Mark, Kiyotaki, Nobuhiro, Prestipino, Andrea

“…We develop a macroeconomic model with banking instability. Sunspot runs can arise that are harmful to the economy. However, whether a run equilibrium exists…”
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Global implications of national unconventional policies: A comment by Kiyotaki, Nobuhiro

“…This comment discusses “Global Implications of National Unconventional Policies” by L. Dedola. P. Karadi and G. Lombardo, which was presented in…”
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Banking Panics as Endogenous Disasters and the Welfare Gains from Macroprudential Policy by Gertler, Mark, Kiyotaki, Nobuhiro, Prestipino, Andrea

“…We study the welfare effects of macroprudential policy in a macroeconomic model of banking instability. Banking panics are endogenous economic disasters caused…”
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Introduction to the symposium issue on money and liquidity by Kiyotaki, Nobuhiro, Lagos, Ricardo, Wright, Randall

“…This Symposium on Money and Liquidity follows a conference held in Santa Barbara in August 2014, under the sponsorship of the Laboratory for Aggregate…”
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Credit Cycles by Kiyotaki, Nobuhiro, Moore, John

“…We construct a model of a dynamic economy in which lenders cannot force borrowers to repay their debts unless the debts are secured. In such an economy,…”
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A Model of Job and Worker Flows by Kiyotaki, Nobuhiro, Lagos, Ricardo

“…We develop an equilibrium search model that incorporates job‐to‐job transitions, exhibits instances of replacement hiring, and conceptually distinguishes…”
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Comment on: “Interbank market liquidity and central bank intervention” by Kiyotaki, Nobuhiro

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2002 LAWRENCE R. KLEIN LECTURE LIQUIDITY AND ASSET PRICES by Kiyotaki, Nobuhiro, Moore, John

“…We broadly define liquid assets, or monetary assets, as any asset that can be readily sold in the market and can be held by a number of people in succession…”
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Balance-Sheet Contagion by Kiyotaki, Nobuhiro, Moore, John

“…The following questions are examined: Why does there appear to be more contagion in some countries than in others? Has contagion anything to do with the nature…”
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Evil Is the Root of All Money by Kiyotaki, Nobuhiro, Moore, John

“…It is argued that money lubricates trade when there is a lack of double coincidence of wants, but not necessarily over physically distinct commodities. The…”
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FINANCIAL DEEPENING by Kiyotaki, Nobuhiro, Moore, John

“…We develop a model of financial deepening, based on the distinction between limited bilateral commitment and limited multilateral commitment. We explore the…”
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Financial Deepening by Kiyotaki, Nobuhiro, Moore, John

“…We develop a model of financial deepening, based on the distinction between limited bilateral commitment and limited multilateral commitment. We explore the…”
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