production economy, finding that this economy is much more likely to display under-borrowing rather than over-borrowing in normal …

This paper analyzes quantitatively the extent to which there is overborrowing (i.e., inefficient borrowing) in a … finding of the analysis is that overborrowing is not a robust feature of this class of model economies: it depends on the … calibration, but overborrowing with more impatient agents and more volatile shocks. Endowment economies display overborrowing …

production economy. We find that this economy is much more likely to display "under-borrowing" rather than "over-borrowing" in …

production economy. We find that this economy is much more likely to display "under-borrowing" rather than "over-borrowing" in …

production economy, finding that this economy is much more likely to display under-borrowing rather than over-borrowing in normal …

This paper analyzes quantitatively the extent to which there is overborrowing (i.e., inefficient borrowing) in a … finding of the analysis is that overborrowing is not a robust feature of this class of model economies: it depends on the … calibration, but overborrowing with more impatient agents and more volatile shocks. Endowment economies display overborrowing …

This paper analyzes quantitatively the extent to which there is overborrowing (i.e., inefficient borrowing) in a … finding of the analysis is that overborrowing is not a robust feature of this class of model economies: it depends on the … calibration, but overborrowing with more impatient agents and more volatile shocks. Endowment economies display overborrowing …

This paper analyzes quantitatively the extent to which there is overborrowing (i.e., inefficient borrowing) in a … finding of the analysis is that overborrowing is not a robust feature of this class of model economies: it depends on the … calibration, but overborrowing with more impatient agents and more volatile shocks. Endowment economies display overborrowing …

This paper analyzes quantitatively the extent to which there is overborrowing (i.e., inefficient borrowing) in a … finding of the analysis is that overborrowing is not a robust feature of this class of model economies: it depends on the … calibration, but overborrowing with more impatient agents and more volatile shocks. Endowment economies display overborrowing …