Browsing by Author "Deidda, Luca"
Now showing items 1-4 of 4
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Business cycle and monetary policy analysis with market rigidities and financial frictions
Casares Polo, Miguel
; Deidda, Luca; Galdón Sánchez, José Enrique (2013)
Documento de trabajo / Lan gaiak 
We describe a dynamic macroeconomic model that incorporates firm-level borrowing constraints, competitive CES loan production, and rigidities on both setting prices and wages. The external finance premium (interest-rate ... -
Loan production and monetary policy
Casares Polo, Miguel ; Deidda, Luca; Galdón Sánchez, José Enrique (Cambridge University Press, 2019)
Artículo / Artikulua
The authors examine optimal monetary policy in a New Keynesian model with unemployment and financial frictions where banks produce loans using equity as collateral. Firms and households demand loans to finance externally ... -
On financial frictions and firm market power
Casares Polo, Miguel ; Deidda, Luca; Galdón Sánchez, José Enrique (Banco de España, 2019)
Documento de trabajo / Lan gaiak
Construimos un modelo de equilibrio general estático con empresas monopolísticamente competitivas que toman prestados fondos de bancos competitivos en una economía sujeta a restricciones financieras. Estas fricciones son ... -
On financial frictions and firm's market power
Casares Polo, Miguel ; Deidda, Luca; Galdón Sánchez, José Enrique (Wiley, 2023)
Artículo / Artikulua
There are two opposing welfare effects of market power in a model with monopolistic competition, loan defaults and moral hazard. The loss of output produced if firms set a higher mark-up over marginal costs confronts with ...
