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endogenes Wachstumsmodell wird die Interaktion von Finanzsystem und Wirtschaftswachstum analysiert. Auch wenn der Modellanalyse … Variablen auf das Wirtschaftswachstum einwirken. Mit Daten über den Entwicklungsstand des Finanzsystems sowie des Bankensektors …
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real world, yet which has proven difficult to model. The model also inherits the ability of the Holden (2013a) model to …
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We analyze the ups and downs in economic growth in recent decades by constructing a model with recurrent bubbles, crashes, and endogenous growth. Once realized, bubbles crowd in investment and stimulate economic growth, but expectation about future bubbles crowds out investment and reduces...
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