Faria, Joao Ricardo, de Andrade, Joaquim Pinto (1998) Investment, credit, and endogenous cycles. Journal of Economics-Zeitschrift Fur Nationalokonomie, 67 (2). pp. 135-143. ISSN 0931-8658. (doi:10.1007/BF01236066) (The full text of this publication is not currently available from this repository. You may be able to access a copy if URLs are provided) (KAR id:17722)
| The full text of this publication is not currently available from this repository. You may be able to access a copy if URLs are provided. | |
| Official URL: http://dx.doi.org/10.1007/BF01236066 |
Abstract
This paper presents a general-equilibrium dynamic Ramsey-type model that can generate endogenous cycle. We assume two different representative agents, borrowers and lenders, and financial intermediaries with inside and outside money. We investigate under which conditions this model presents a cyclical relationship between capital and loans. The sources of endogenous fluctuations in this model come from a credit restriction in the representative-borrower problem.
| Item Type: | Article |
|---|---|
| DOI/Identification number: | 10.1007/BF01236066 |
| Subjects: | H Social Sciences |
| Divisions: | Divisions > Division of Human and Social Sciences > School of Economics |
| Depositing User: | R.F. Xu |
| Date Deposited: | 29 Apr 2009 16:18 UTC |
| Last Modified: | 16 Nov 2021 09:55 UTC |
| Resource URI: | https://kar.kent.ac.uk/id/eprint/17722 (The current URI for this page, for reference purposes) |
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