This model was defined and named in a series of late 1990s papers that dynamically quantified cash flow to argue that “frictions” in markets cause effects beyond classical predictions. For 10 points each:
[10h] Name this model proposed by Bernanke, Gertler, and Gilchrist to assess how shocks to an economy are magnified by agency costs and market conditions.
ANSWER: financial accelerator [prompt on accelerator]
[10e] Access to this resource is a key component of financial acceleration. Minority groups are discriminated against in the namesake “scores” that gatekeep access to this resource.
ANSWER: credit [accept credit scores; prompt on loans or lending or money]
[10m] Data on credit access and macroeconomic variables may be found at this important macroeconomic database, hosted by the St. Louis Fed. Either the full name or the common four-letter acronym is acceptable.
ANSWER: FRED [or Federal Reserve Economic Data]
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