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| 02005cam 2200361zi 4500 |
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| 001 | 9.879714 |
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| 003 | CaOODSP |
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| 005 | 20221107165605 |
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| 006 | m go d f |
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| 007 | cr |n||||||||| |
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| 008 | 190925t20192019onc #ob f000 0 eng d |
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| 040 | |aCaOODSP|beng|erda|cCaOODSP |
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| 041 | |aeng|bfre |
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| 043 | |an-cn--- |
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| 086 | 1 |aFB3-5/2019-38E-PDF |
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| 100 | 1 |aZivanovic, Jelena, |eauthor. |
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| 245 | 10|aWhat does structural analysis of the external finance premium say about financial frictions? / |cby Jelena Zivanovic. |
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| 264 | 1|aOttawa : |bBank of Canada, |c2019. |
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| 264 | 4|c©2019 |
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| 300 | |a1 online resource (ii, 27 pages) |
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| 336 | |atext|btxt|2rdacontent |
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| 337 | |acomputer|bc|2rdamedia |
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| 338 | |aonline resource|bcr|2rdacarrier |
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| 490 | 1 |aBank of Canada staff working paper, |x1701-9397 ; |v2019-38 |
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| 500 | |a"September 2019." |
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| 504 | |aIncludes bibliographical references (pages 23-25). |
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| 520 | |a"I use a structural vector autoregression (SVAR) with sign restrictions to provide conditional evidence on the behavior of the US external finance premium (EFP). The results indicate that the excess bond premium, a proxy for the EFP, reacts counter cyclically to supply and monetary policy shocks and procyclically to demand shocks. I confront my empirical evidence with the predictions from financial dynamic stochastic general equilibrium (DSGE) models with respect to the finance premium in order to identify an empirically relevant financial friction. The Bernanke, Gertler and Gilchrist (1999) model generates transmission mechanisms that are favored by the data"--Abstract. |
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| 546 | |aIncludes abstract in French. |
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| 692 | 07|2gccst|aEconomic forecasting |
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| 692 | 07|2gccst|aMarkets |
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| 710 | 2 |aBank of Canada. |
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| 830 | #0|aStaff working paper (Bank of Canada)|x1701-9397 ; |v2019-38.|w(CaOODSP)9.806221 |
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| 856 | 40|qPDF|s1.46 MB|uhttps://publications.gc.ca/collections/collection_2019/banque-bank-canada/FB3-5-2019-38-eng.pdf |
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