Informational Imperfections in the Capital Market and Macro-Economic Fluctuations
收藏NBER1984-04-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w1335
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资源简介：
This paper describes the role that informational imperfections in capital markets are likely to play in business cycles. It then developes a simple illustrative model of the impact of adverse selection in the equity market and the way in which this may lead to large fluctuations in the effective
提供机构：
美国国家经济研究局
创建时间：
1984-04-01
