At the onset of the recent global financial crisis, the workhorse macroeconomic models assumed frictionless financial markets. These frameworks were thus not able to anticipate the crisis, nor to anal
Big Ten Countries include Argentina, Brazil, China, India, Indonesia, Mexico, Poland, South Africa, South Korea, and Turkey. The annual data for the years 2002-2019 was used. Growth Rate (GR), the lit
Contains data used in the paper "Measuring Credit Demand and Supply: A Bayesian Model with an Application to Greece (2003–2011)" (published in the Jahrbücher für Nationalökonomie und Statistik)
Rigidities in real prices are not sufficient to create rigidities in nominal prices and real effects of nominal shocks. And, by themselves, small frictions in nominal adjustment, such as costs of chan
