Title: Banking, liquidity and bank runs: replication and analysis of the solution method of Gertler/Kiyotaki (2015)
Language: English
Authors: Grga, Nikola 
Qualification level: Diploma
Advisor: Reiter, Michael 
Issue Date: 2016
Number of Pages: 25
Qualification level: Diploma
The paper of Gertler and Kiyotaki (2015a) is important step forward in the modeling of financial sector in macroeconomic models, because it combines financial accelerator mechanism with the bank runs, two phenomena observed in the last economic crisis. Therefore, aim of the paper is to replicate the results of the Gertler and Kiyotaki (2015a) in order to check their validity. Also the procedure for solving the model is rewritten in order to be precise, conceptually clear and easy to follow. For the replication, the numerical solver based on the quasi-Newton method is used. The results of the replication confirms the results of the Gertler and Kiyotaki (2015a). The model should be further developed in order to incorporate more complex banking sector that includes commercial banks.
Keywords: macroeconomics; bank runs; replication
URI: https://resolver.obvsg.at/urn:nbn:at:at-ubtuw:1-5759
Library ID: AC13260614
Organisation: E017 - Continuing Education Center 
Publication Type: Thesis
Appears in Collections:Thesis

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