Showing 1 - 8 of 8
This paper builds models of nonlinear dynamics in the aggregate investment and borrower net worth and uses them to study the causes and nature of endogenous credit cycles. The basic model has two types of projects: the Good and the Bad. The Bad is highly productive, but, unlike the Good, it...
Persistent link: https://www.econbiz.de/10003778871
Persistent link: https://www.econbiz.de/10002469485
Persistent link: https://www.econbiz.de/10001659129
Persistent link: https://www.econbiz.de/10010207663
This paper builds models of nonlinear dynamics in the aggregate investment and borrower net worth to study the causes and nature of endogenous credit cycles. The basic model has two types of projects: the Good and the Bad. The Good projects rely on the inputs supplied by others who could...
Persistent link: https://www.econbiz.de/10011685313
Persistent link: https://www.econbiz.de/10011593429
Persistent link: https://www.econbiz.de/10012171681
Persistent link: https://www.econbiz.de/10012243997