A Dynamic General Equilibrium Framework of Investment with Financing Constraint /
In this paper, we provide a dynamic general equilibrium framework with an explicit investment-financing constraint. The constraint is intended as a reduced form to capture the balance sheet effects, which have been widely regarded as an important determinant of financial crises. We derive a link bet...
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| 格式: | 雜誌 |
| 語言: | English |
| 出版: |
Washington, D.C. :
International Monetary Fund,
2002.
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| 叢編: | IMF Working Papers; Working Paper ;
No. 2002/041 |
| 在線閱讀: | Full text available on IMF |