Sources of Great Recession: A Bayesian Approach of a Data Rich Dynamic Stochastic General Equilibrium Model with Time-Varying Volatility Shocks

Event: Sources of the Great Recession

Sources of Great Recession: A Bayesian Approach of a Data Rich Dynamic Stochastic General Equilibrium Model with Time-Varying Volatility Shocks

08 March 2016

Author / Speaker:

Shin-Ichi Nishiyama, Kobe University - Email the author | Other materials by the author

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Kobe University Professor Shin-Ichi Nishiyama, then with Tohoku University, in his paper concluded that negative bank net worth shock affected the US economy before the downturn of corporate net worth. While troubled Asset Relief Program worked well for financial institutions, it has not been the case for the corporate sector.

Geographical Focus:

Global

Type of Content:

Learning Event

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