Financial Cycles with Heterogeneous Intermediaries
收藏NBER2017-03-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w23245
下载链接
链接失效反馈官方服务：
资源简介：
We develop a dynamic macroeconomic model with heterogeneous financial intermediaries and endogenous entry. Time-varying endogenous macroeconomic risk arises from the risk-shifting behaviour of the cross-section of financial intermediaries. When interest rates are high, a decrease in interest rates
提供机构：
美国国家经济研究局
创建时间：
2017-03-01
