The paper explores the nexus between the financial and business cycles in a semi-structural New Keynesian model with a financial accelerator, an active banking sector, and an endogenous ...

Structural models of default are widely used to analyze corporate bond spreads, but have generally been unable to explain why risk premiums are as high as they are. This credit spread puzzle can be ...

Structural Synchronizer View allows you to view and explore your structural models in 3D from anywhere on your iPad, iPhone, or iPod Touch. With Structural Synchronizer View, you can: * Navigate ...