Quantitative implications of the credit constraint in the Kiyotaki-Moore (1997) setup
The Kiyotaki-Moore (1997) framework is a prominent macro model that features credit constraints as an important factor that propagates and magnifies the effects of shocks. However, the quantitative importance of these constraints in this setup remains an open question. This paper introduces the Kiyo...
- Autores:
-
Arias Leiva, Andrés Felipe
- Tipo de recurso:
- Work document
- Fecha de publicación:
- 2003
- Institución:
- Universidad de los Andes
- Repositorio:
- Séneca: repositorio Uniandes
- Idioma:
- eng
- OAI Identifier:
- oai:repositorio.uniandes.edu.co:1992/8547
- Acceso en línea:
- http://hdl.handle.net/1992/8547
- Palabra clave:
- Amplification
Credit constraint
Credit multipliers
Financial accelerator
Crédito - Modelos matemáticos
E32, E44, G21
- Rights
- openAccess
- License
- http://creativecommons.org/licenses/by-nc-nd/4.0/