Results 321 to 330 of about 604,756 (344)
Some of the next articles are maybe not open access.
Financial-Friction Macroeconomics with Highly Leveraged Financial Institutions
2011This paper adds a highly-leveraged financial sector to the Ramsey model of economic growth and shows that this causes the economy to behave in a highly volatile manner: doing this strongly augments the macroeconomic effects of aggregate productivity shocks. Our model is built on the financial accelerator approach of Bernanke, Gertler and Gilchrist (BGG)
Luk, Sheung Kan, Vines, David
openaire +1 more source

