Browsing by Author "Mazelis, Falk"

Now showing items 1-4 of 4

2014-09-19Buch

Corporate Cash Hoarding in a Model with Liquidity Constraints

Mazelis, Falk

This paper studies the role of uncertainty in the corporate cash hoarding puzzle. The baseline model is a stochastic neoclassical growth model featuring idiosyncratic and uninsurable productivity shocks and a cash-in-advance ...
2016-10-26Diskussionspapier

Implications of Shadow Bank Regulation for Monetary Policy at the Zero Lower Bounds

Mazelis, Falk

Counter to the credit channel of monetary transmission, monetary policy tightening induces a rise in lending by two different types of non-bank financial institutions (NBFI): shadow banks and investment funds. A monetary ...
2014-10-10Buch

Monetary Policy Effects onFinancial Intermediation viathe Regulated and theShadow Banking Systems

Mazelis, Falk

We extend the monetary DSGE model by Gertler and Karadi (2011) with a non-bank financial intermediary to investigate the impact of monetary policy shocks on aggregate loan supply. We distinguish between bank and non-bank ...
2015-08-12Buch

The Role of Shadow Banking in the Monetary Transmission Mechanism and the Business Cycle

Mazelis, Falk

This paper investigates the heterogeneous impact of monetary policy shocks on financial in- termediaries. I distinguish between banks and shadow banks based on their funding constraints. Because credit creation by banks ...