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financial conditions and economic uncertainty and to trace out the impact of these two types of shocks on the economy. The …
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We develop a small open economy macroeconomic model where financial conditions influence aggregate behavior. We use …
Persistent link: https://www.econbiz.de/10013243644
This paper develops a dynamic general equilibrium model that is intended to help clarify the role of credit market frictions in business fluctuations, from both a qualitative and a quantitative standpoint. The model is a synthesis of the leading approaches in the literature. In particular, the...
Persistent link: https://www.econbiz.de/10013246268