Sudden Stops, Financial Crises and Leverage: A Fisherian Deflation of Tobin's Q
收藏NBER2008-10-01 更新2025-01-04 收录
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https://www.nber.org/papers/w14444
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This paper shows that the quantitative predictions of a DSGE model with an endogenous collateral constraint are consistent with key features of the emerging markets' Sudden Stops. Business cycle dynamics produce periods of expansion during which the ratio of debt to asset values raises enough to
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美国国家经济研究局创建时间：
2008-10-01
