| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 964128 | Journal of International Money and Finance | 2011 | 23 Pages |
Abstract
⺠A DSGE framework with financial and informational frictions is developed. ⺠Implications of increasing financial integration for business cycles are analyzed. ⺠Increasing financial integration amplifies the effect of temporary monetary shocks. ⺠Welfare costs of financial frictions decrease as financial integration increases.
Keywords
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
S. Meral Cakici,