Leverage Restrictions in a Business Cycle Model
收藏NBER2013-01-01 更新2025-01-04 收录
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https://www.nber.org/papers/w18688
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We modify an otherwise standard medium-sized DSGE model, in order to study the macroeconomic effects of placing leverage restrictions on financial intermediaries. The financial intermediaries ('bankers') in the model must exert effort in order to earn high returns for their creditors. An agency
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美国国家经济研究局创建时间：
2013-01-01
