Grilli, Ruggero; Tedeschi, Gabriele; Gallegati, Mauro - In: International Review of Economics & Finance 34 (2014) C, pp. 72-88
In this paper we analyze the role of the relationship between investment and finance as the main source of both financial instability and business cycle fluctuations. By building an agent-based model, our aim is to explicitly consider the complex nature of credit markets as strongly interactive...