Anatomy of a Credit Crunch: From Capital to Labor Markets
收藏NBER2014-03-01 更新2025-01-04 收录
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https://www.nber.org/papers/w19997
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Why are financial crises associated with a sustained rise in unemployment? We develop a tractable model with frictions in both credit and labor markets to study the aggregate and micro-level implications of a credit crunch--i.e., a tightening of collateral constraints. When we simulate a credit
为何金融危机总会伴随失业率的持续攀升？我们构建了一个同时涵盖信贷与劳动力市场摩擦的易处理模型，用以研究信贷紧缩（credit crunch）——即抵押约束（collateral constraints）收紧——对宏观与微观层面的影响。当我们模拟一项信贷
提供机构：
美国国家经济研究局
创建时间：
2014-03-01
