Lending Sociodynamics and Drivers of the Financial Business Cycle
AffiliationUniv Arizona, Coll Opt Sci
Financial Instability hypothesis
MetadataShow full item record
PublisherAMER INST MATHEMATICAL SCIENCES-AIMS
CitationLending Sociodynamics and Drivers of the Financial Business Cycle 2017, 1 (3):219 Quantitative Finance and Economics
Rights© 2017 the Authors, licensee AIMS Press. This is an open access article distributed under the terms of the Creative Commons Attribution License.
Collection InformationThis item from the UA Faculty Publications collection is made available by the University of Arizona with support from the University of Arizona Libraries. If you have questions, please contact us at firstname.lastname@example.org.
AbstractWe extend sociodynamic modeling of the financial business cycle to the Euro Area and Japan. Using an opinion-formation model and machine learning techniques we find stable model estimation of the financial business cycle using central bank lending surveys and a few selected macroeconomic variables. We find that banks have asymmetric response to good and bad economic information, and that banks adapt to their peers' opinions when changing lending policies.
NoteOpen Access Journal.
VersionFinal published version
Except where otherwise noted, this item's license is described as © 2017 the Authors, licensee AIMS Press. This is an open access article distributed under the terms of the Creative Commons Attribution License.