Bernanke, B.; Gertler, M.; Gilchrist, S. - C.V. Starr Center for Applied Economics, Department of … - 1998
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...