Investment, credit, and endogenous cycles

被引：0
|
作者：
João Ricardo Faria
Joaquim Pinto de Andrade
机构：
[1] University of Kent,Department of Economics, Keynes College
[2] University of Brasília,Department of Economics
来源：
Journal of Economics | 1998年 / 67卷
关键词：
business cycles; investment; credit; E12; E32;
D O I：
暂无
中图分类号：
学科分类号：
摘要：
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.
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页码：135 / 143
页数：8
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