Credit Shocks and Aggregate Fluctuations in an Economy with Production Heterogeneity
收藏NBER2011-08-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w17311
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资源简介：
We study the cyclical implications of credit market imperfections in a calibrated dynamic, stochastic general equilibrium model wherein firms face persistent shocks to aggregate and individual productivity. In our model economy, optimal capital reallocation is distorted by two frictions:
提供机构：
美国国家经济研究局
创建时间：
2011-08-01
