Two Monetary Tools: Interest Rates and Haircuts
收藏NBER2010-09-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w16337
下载链接
链接失效反馈官方服务：
资源简介：
We study a production economy with multiple sectors financed by issuing securities to agents who face capital constraints. Binding capital constraints propagate business cycles, and a reduction of the interest rate can increase the required return of high-haircut assets since it can increase the
提供机构：
美国国家经济研究局
创建时间：
2010-09-01
