This paper proposes a fully micro-founded framework that incorporates optimizing banks into a DSGE model, and evaluates the role of banks and financial shocks in the Iranian business cycles. We consider banks that offer different banking services and interact in an interbank market. Loans are produced using interbank borrowing and deposits. Banks have monopoly power, but cannot set nominal depo...

I n this paper, the evaluation of the real exchange rate transfer and the asymmetric transmission of real exchange rate fluctuations to the export prices of food products for the country during the period (2001-2015) was studied using two approaches of PMG and GMM systems. The TGARCH method was used to calculate the real exchange rate fluctuation index and the Markov Switching method was u...

The paper considers the macroeconomic impact of shocks to agricultural output and of negative and positive price shocks. It is shown that negative price shocks have particularly large externalities: it is estimated that the overall impact of these negative shocks on GDP may well be double their direct impact. In terms of policy, the presence of externalities justifies subsidising the provision ...

This study investigates the impacts of negative economic shocks on child schooling in households of rural Malawi, one of the poorest countries in Sub-Saharan Africa (SSA). Both individually-reported and community-level shocks are investigated. There is evidence that community level shocks negatively impact the school enrolment of children. The point estimates suggest that this effect is larger ...

Large Scale Shocks are responsible for the heating of the ICM and can be important sources of Cosmic Rays (CR) in the Universe. However the occurrence and properties of these shocks are still poorly constrained from both a theoretical and an observational side. In this work we analyze the properties of Large Scale Shocks in a (103Mpc/h) cosmological volume simulated with the public 1.0.1 releas...

Rural households in Nigeria are vulnerable to shock because of their limited capacity to make informed decision on secured coping strategies which is further aggravated by some households’ specific socio-economic characteristics. Attempts were made to identify shocks being faced by households’ heads and coping strategies. Multistage sampling technique was used to select 80 respondents and well ...