Endogenous Credit Cycles
收藏NBER2011-10-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w17510
下载链接
链接失效反馈官方服务：
资源简介：
We study models of credit with limited commitment, which implies endogenous borrowing constraints. We show that there are multiple stationary equilibria, as well as nonstationary equilibria, including some that display deterministic cyclic and chaotic dynamics. There are also stochastic (sunspot)
提供机构：
美国国家经济研究局
创建时间：
2011-10-01
