Expectation driven business cycles with limited enforcement
2014
Walentin, Karl
We explore shocks to expected future productivity in a model with limited enforcement of financial contracts. A microfounded collateral constraint implies that good news about future productivity yield an increase in stock prices, available credit and a general economic expansion.
Показать больше [+] Меньше [-]Ключевые слова АГРОВОК
Библиографическая информация
Издатель
Elsevier B.V.
Другие темы
Financial agreements; News shocks; E32; E22; E44; Collateral constraints; Stock prices
Язык
Английский
Тип
Journal Article; Text
2024-02-28
MODS
Поставщик данных
Эту запись предоставил National Agricultural Library
If you notice any incorrect information relating to this record, please contact us at [email protected] [email protected]