This paper uses the credit-friction model developed by C´urdia and Woodford, in a series of papers, as the basis for attempting to mimic the behavior of credit spreads in moderate as well as crisis times. Writers study the impact of quantitative easing and credit easing
Chapter 1: Financial frictions amplify the portfolio balance effect of QE. A costly state verification...
We study a structural model that allows us to examine how credit spreads are affected by the interac...
Abstract Credit contagion arises when a company is in economic distress or if it defaults. The defau...
This article contributes to the theoretical literature on financial frictions showing the relevance...
We study the behavior of credit spreads and their link to economic growth during nancial crises. We ...
The financial crisis of 2007-9 has sparked keen interest in models of financial frictions and their ...
We herein advance a contribution to the theoretical literature on financial frictions and show the s...
The financial crisis of 2007-9 has sparked keen interest in models of financial frictions and their ...
textThis dissertation examines the determinants of credit spreads. The purpose and contribution of ...
We examine the dynamic effects and empirical role of TFP news shocks in the context of frictions in ...
We study a structural model that allows us to examine how credit spreads are affected by the interac...
We analyze a new panel data set that includes balance sheet information, measures of expected defaul...
This dissertation attempts to explore three new ways to understand credit spreads in credit default ...
This thesis focuses on an empirical analysis of credit spreads from three different perspectives. Th...
In this paper, we analyze the effect of monetary policy on yield spreads between corporate bonds wit...
Chapter 1: Financial frictions amplify the portfolio balance effect of QE. A costly state verification...
We study a structural model that allows us to examine how credit spreads are affected by the interac...
Abstract Credit contagion arises when a company is in economic distress or if it defaults. The defau...
This article contributes to the theoretical literature on financial frictions showing the relevance...
We study the behavior of credit spreads and their link to economic growth during nancial crises. We ...
The financial crisis of 2007-9 has sparked keen interest in models of financial frictions and their ...
We herein advance a contribution to the theoretical literature on financial frictions and show the s...
The financial crisis of 2007-9 has sparked keen interest in models of financial frictions and their ...
textThis dissertation examines the determinants of credit spreads. The purpose and contribution of ...
We examine the dynamic effects and empirical role of TFP news shocks in the context of frictions in ...
We study a structural model that allows us to examine how credit spreads are affected by the interac...
We analyze a new panel data set that includes balance sheet information, measures of expected defaul...
This dissertation attempts to explore three new ways to understand credit spreads in credit default ...
This thesis focuses on an empirical analysis of credit spreads from three different perspectives. Th...
In this paper, we analyze the effect of monetary policy on yield spreads between corporate bonds wit...
Chapter 1: Financial frictions amplify the portfolio balance effect of QE. A costly state verification...
We study a structural model that allows us to examine how credit spreads are affected by the interac...
Abstract Credit contagion arises when a company is in economic distress or if it defaults. The defau...