A Model of the Financial Sector and its Reaction to Aggregate Fluctuations

摘要: In traditional macro models of a monetary economy, the role financial sector for output and employment is notably neglected. It usually seen to function as transmission mechanism shocks real sector. contrast, recent empirical work, mostly initiated by asymmetric information theory, has studied macroeconomic effects originating with an autonomous Also number theoretical macrodynamic have been designed in order account financial-real interaction.1 this field research that present paper attempts take further step.