Credit Cycles
收藏NBER1995-04-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w5083
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资源简介：
This paper is a theoretical study into how credit constraints interact with aggregate economic activity over the business cycle. We construct a model of a dynamic economy in which lenders cannot force borrowers to repay their debts unless the debts are secured. In such an economy, durable assets
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美国国家经济研究局创建时间：
1995-04-01
