Bosi, Stefano; Ismaël, Mohanad; Venditti, Alain - HAL - 2014
We investigate the effects of collaterals and monetary policy on growth rate dynamics in a Ramsey economy where agents … markets where impatient (poor) agents without collaterals have limited access to credit. We find that an expansionary monetary … role of collaterals and reducing the financial market imperfections may enhance the economic growth and stabilize the …