Credit Markets and the Propagation of Monetary Policy Shocks



Table 3

Parameters of the distributions of shocks

Ability shocks Z

0.00

0.50

1.00

1.50

2.00

2.25

2.50

2.75

3.00

Distribution ψ of worker’s ability shocks

0.00

0.05

0.88

0.03

0.02

0.00

0.01

"ÔÔÔ

0.01

Transition matrix Q for entrepreneur’s

ability shocks

ч

0

0

0

0

0

0

0

^^0

1

0

0

0

0

0

0

0

0

0.2250

0

0.7500

0.0250

0

0

0

0

0

0.0100

0

0.0750

0.8000

0.0250

0

0

0

0

0.0500

0

0

0.0750

0.8500

0.0250

0

0

0

0.0250

0

0

0

0.1000

0.8500

0.0250

0

0

0.0125

0

0

0

0

0.1125

0.8500

0.0250

0

0.0125

0

0

0

0

0

0.1125

0.8500

0.0250

0.0125

0

0

0

0

0

0

0.1325

0.8500

32



More intriguing information

1. Implementation of the Ordinal Shapley Value for a three-agent economy
2. Cardiac Arrhythmia and Geomagnetic Activity
3. On s-additive robust representation of convex risk measures for unbounded financial positions in the presence of uncertainty about the market model
4. The name is absent
5. Who’s afraid of critical race theory in education? a reply to Mike Cole’s ‘The color-line and the class struggle’
6. The name is absent
7. Nietzsche, immortality, singularity and eternal recurrence1
8. Initial Public Offerings and Venture Capital in Germany
9. The name is absent
10. The name is absent