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Tesi etd-10272022-225536

Type of thesis
Corso Ordinario Secondo Livello
Author
MASSACCESI, EDOARDO
URN
etd-10272022-225536
Title
An interconnected financial sector as fuel for innovation and technological imitation: an agent-based endogenous growth model
Structure
Cl. Sc. Sociali - Scienze Economiche
Course
SCIENZE ECONOMICHE E MANAGERIALI - SCIENZE ECONOMICHE E MANAGERIALI
Committee
relatore MINA, ANDREA
Relatore MARIA ENRICA VIRGILLITO
Relatore GIACHINI, DANIELE
Relatore VANDIN, ANDREA
Presidente Prof. PICCALUGA, ANDREA MARIO CUORE
Membro Dott.ssa CANTARELLI, PAOLA
Membro Prof. MONETA, ALESSIO
Membro Prof. FAGIOLO, GIORGIO
Membro Prof. NUVOLARI, ALESSANDRO
Keywords
  • Nessuna parola chiave trovata
Exam session start date
02/12/2022;
Availability
parziale
Abstract
We expand our Python-programmed replication of Fagiolo et al. (2020) by adding an interbank market. In particular, we allow banks to prevent liquidity shortages by establishing lending relationships with each other. In this way, the banking system becomes more efficient: banks do not run out of liquidity, and overall loans to real sector increase, allowing higher investments in innovation and technological imitation. This can favor economic growth. However, we find that interconnections among banks increase output growth rates volatility.
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