Utilize este identificador para referenciar este registo: http://hdl.handle.net/10400.14/16554
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Campo DCValorIdioma
dc.contributor.advisorTeles, Pedro-
dc.contributor.advisorDomínio/Área Científica::Ciências Sociais::Economia e Gestão-
dc.contributor.authorSousa, João Brogueira de-
dc.date.accessioned2015-02-09T14:57:14Z-
dc.date.available2015-02-09T14:57:14Z-
dc.date.issued2013-02-21-
dc.identifier.urihttp://hdl.handle.net/10400.14/16554-
dc.description.abstractThis dissertation presents the numerical solution of the model developed in Correia, I., F. De Fiore, P. Teles, O. Tristani (2012). In this framework, financial intermediation takes place with private intermediaries facing endogenously determined balance sheet constraints. I compute the approximate solution of the problem of a Ramsey planner in response to several exogenous shocks. The response to these shocks under optimal policy isolates the financial sector from the rest of the economy so that the financing cost of firms does not increase and allocations are not distorted. Furthermore, I show that for a given price level on impact there is always a nominal interest rate path that satisfies the financial constraint and replicates the first best allocations. In this framework, indeterminacy in price level leads to multiple solutions for the optimal nominal interest rate policy.por
dc.language.isoengpor
dc.rightsopenAccesspor
dc.subjectFinancial Intermediationpor
dc.subjectFinancial Frictionspor
dc.subjectCredit costspor
dc.subjectOptimalpor
dc.titleFinancial intermediation and credit spreadspor
dc.typemasterThesispor
dc.identifier.tid201088746-
Aparece nas colecções:FCEE - Dissertações de Mestrado / Master Dissertations
R - Dissertações de Mestrado / Master Dissertations

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