This paper provides the explicit expression of investment facing a binding debt ceiling and the explicit expression of … of the parameterizations of these Lagrange multipliers used in Euler investment equations tests during the 1990's. …

in investment and in the current account, in line with em- pirical evidence, only if the traded sector is more capital …

drop in investment and in the current account, in line with empirical evidence, only if the traded sector is more capital …