@article{Accelerator:1359,
      recid = {1359},
      author = {Christensen, Ian and Dib, Ali},
      title = {Monetary Policy in an Estimated DSGE Model with a  Financial Accelerator},
      publisher = {Bank of Canada},
      address = {2006},
      pages = {1 online resource (v, 38 pages)},
      abstract = {The authors estimate a sticky-price dynamic stochastic  general-equilibrium model with a financial accelerator, à  la Bernanke, Gertler, and Gilchrist (1999), to assess the  importance of financial frictions in the amplification and  propagation of the effects of transitory shocks. Structural  parameters of two models, one with and one without a  financial accelerator, are estimated using a  maximum-likelihood procedure and post-1979 U.S. data. The  estimation and simulation results provide some quantitative  evidence in favour of the financial-accelerator model. The  financial accelerator appears to play an important role in  investment fluctuations, but its importance for output  depends on the nature of the initial shock.},
      url = {http://www.oar-rao.bank-banque-canada.ca/record/1359},
      doi = {https://doi.org/10.34989/swp-2006-9},
}