期刊
INTERNATIONAL ECONOMIC REVIEW
卷 45, 期 4, 页码 1011-1046出版社
WILEY
DOI: 10.1111/j.0020-6598.2004.00296.x
关键词
-
类别
Theoretical studies have shown that under unorthodox assumptions on preferences and production technologies, collateral constraints can act as a powerful amplification and propagation mechanism of exogenous shocks. We investigate whether or not this result holds under more standard assumptions. We find that collateral constraints typically generate small output amplification. Large amplification is obtained as a knife-edge type of result.
作者
我是这篇论文的作者
点击您的名字以认领此论文并将其添加到您的个人资料中。
推荐
暂无数据