Papers by Simon Gilchrist

Showing 3 papers

Published Classic Handbook of Macroeconomics Published Jan 1999

Chapter 21 The financial accelerator in a quantitative business cycle framework

Ben S. Bernanke · Mark Gertler · Simon Gilchrist

Embedding a costly-state-verification debt contract -- in which a borrower's external finance premium depends inversely on net worth -- into an otherwise standard New Keynesian model, this chapter …

Financial Frictions Monetary Policy Transmission Business Cycles Free Read ↗

Published Classic American Economic Review Published Jun 2012

Credit Spreads and Business Cycle Fluctuations

Simon Gilchrist · Egon Zakrajšek

This 2012 American Economic Review paper by Simon Gilchrist and Egon Zakrajšek constructs a new corporate-bond credit spread index -- the "GZ spread" -- from a large panel of secondary-market bond …

Financial Frictions Risk Premia

Published Classic Quarterly Journal of Economics Published May 1994

Monetary Policy, Business Cycles, and the Behavior of Small Manufacturing Firms

Mark Gertler · Simon Gilchrist

This 1994 Quarterly Journal of Economics paper by Mark Gertler and Simon Gilchrist asks whether small manufacturing firms bear a disproportionate share of the manufacturing decline that follows …

Financial Frictions Banking Credit Monetary Policy Transmission