What are the quantitative macroeconomic effects of countercyclical capital buffer (CCyB)? I study this question in a nonlinear DSGE model with occasional financial crises, which is calibrated and combined US data to estimate sequences structural shocks. Raising buffers during leverage expansions can reduce frequency crises by more than half. A application 2007-08 crisis shows that CCyB 2:5% ran...

in this paper, we examine influence oil shocks on macroeconomic variables and dutch disease phenomena when these variables encountered positive oil revenue shocks. statistical model which is copula approach is used to show when iran's macroeconomic variables encountered positive oil revenue casus dutch disease and oil revenue has non-symmetric influence on the growth economic. in another w...

a r t i c l e i n f o This paper estimates a Markov-switching dynamic stochastic general equilibrium (MS-DSGE) model that allows shifts in the monetary policy rule coefficients as well as the shock volatilities with Korean data ranged from 1976 to 2013. We find that allowing for the regime-switching aspect both in monetary policy rules and shock volatil-ities is a crucial setup in improving the...

Abstract This study investigates the symmetric and asymmetric effects of FDI-growth nexus amidst financial crises, economic crises COVID-19 pandemic s in Nigeria over period 1983–2020. Having confirmed long-run stable state among variables, estimates suggest that FDI inflow/outflow is significantly linked with growth both long short run, while model suggests parameter have on during crisis Nige...

This paper shows how crises prompted firms to switch borrowing across debt markets, impacting the amount borrowed, maturity, and currency denomination at firm aggregate levels. During financial crises, from advanced emerging economies shifted their issuance activity between domestic international syndicated loans corporate bonds. Firms increased in markets not directly hit by partly compensatin...