L'Intermédiation financière dans les modèles macroéconomiques Financial Intermediation in Macroeconomic Models
(2017) Reflets et perspectives de la vie économique — Vol. 56, n° 1, p. 117-137 (2017)
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- Abstract
- Modeling financial markets remains one of the main challenges in current macroeconomic theory. This paper summarizes the main difficulties and reasons why financial aspects were not included earlier in macroeconomic models. It describes the main modeling strategies adopted so far, from financial accelerator models to financial intermediation and banking crises. It also discusses briefly different interpretations of the Great Recession. © De Boeck Supérieur. Tous droits réservés pour tous pays.
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Sneessens, H. (2017). L’Intermédiation financière dans les modèles macroéconomiques Financial Intermediation in Macroeconomic Models. Reflets et perspectives de la vie économique, 56(1), 117-137. https://doi.org/10.3917/rpve.561.0117 (Original work published 2017)