The Impact and Stability Analysis of Commercial Banks’ Risk Preference on SMEs’ Credit Financing Based on DSGE Model

Table 1

Parameter calibration.

Parameters	Description	Values
	SMEs’ capital output elasticity	0.45
	Elasticity of capital output of large enterprises	0.6
	Discount factor	0.9936
	Depreciation rate	0.025
	Reciprocal household consumption elasticity	2
	Reciprocal of labor supply elasticity	1
	Price stickiness	0.8
	SMEs’ intermediate products account for the proportion of final products	0.28
	SME middleware substitution elasticity	3
	Intermediate substitution elasticity of large enterprises	1
	Banks’ proportion of credit monitoring costs	0.12
	SME credit interest rate flexibility	132.7
	Large enterprise credit interest rate flexibility	137.5
	Monetary policy smoothing factor	0.38
	Autoregressive coefficient	0.95