Article citationsMore>>

Gertler, M., Kiyotaki, N. and Prestipino, A. (2016) Wholesale Banking and Bank Runs in Macroeconomic Modelling of Financial Crises. In: Taylor, J.B. and Uhlig, H., Eds., Handbook of Macroeconomics, Volume 2, Elsevier, Amsterdam, 1345-1425. https://doi.org/10.3386/w21892

has been cited by the following article:

• TITLE: Monetary Policy Experiments in an Agent-Based Macroeconomic Model

  AUTHORS: Elder Mauricio Silva, Guilherme Moura, Sergio Da Silva

  KEYWORDS: Agent-Based Macroeconomic Model, Monetary Policy, Financial Crises, Taylor’s Rule, Quantitative Easing, Business Cycles

  JOURNAL NAME: Open Access Library Journal, Vol.8 No.5, May 26, 2021

  ABSTRACT: We consider an interbank market and a central bank in an agent-based macroeconomic model with credit and capital to evaluate the effects of monetary policies—conventional and quantitative easing. We find quantitative easing outperforms Taylor’s rule-style policies in smoothing out the business cycle.