scholarly journals Macroeconomic Dynamics in a Model of Goods, Labor and Credit Market Frictions

2011 ◽  
Author(s):  
Nicolas Petrosky-Nadeau ◽  
Etienne Wasmer
Keyword(s):  
Credit Market ◽  
Market Frictions ◽  
Macroeconomic Dynamics ◽  
Credit Market Frictions

scholarly journals Macroeconomic Dynamics in a Model of Goods, Labor and Credit Market Frictions

2011 ◽  
Author(s):  
Nicolas Petrosky-Nadeau ◽  
Etienne Wasmer
Keyword(s):  
Credit Market ◽  
Market Frictions ◽  
Macroeconomic Dynamics ◽  
Credit Market Frictions

scholarly journals Macroeconomic dynamics in a model of goods, labor, and credit market frictions

2015 ◽  
Vol 72 ◽  
pp. 97-113 ◽  
Author(s):  
Nicolas Petrosky-Nadeau ◽  
Etienne Wasmer
Keyword(s):  
Credit Market ◽  
Market Frictions ◽  
Macroeconomic Dynamics ◽  
Credit Market Frictions

scholarly journals Harmful Procompetitive Effects of Trade in Presence of Credit Market Frictions

2019 ◽  
Vol 52 (6) ◽  
pp. 1493-1525 ◽  
Author(s):  
RETO FOELLMI ◽  
MANUEL OECHSLIN
Keyword(s):  
Credit Market ◽  
Market Frictions ◽  
Credit Market Frictions

PRIVATIZATION TRANSFERS AND CREDIT MARKET FRICTIONS

2002 ◽  
Vol 6 (3) ◽  
pp. 357-384
Author(s):  
Rodney M. Chun
Keyword(s):  
Credit Market ◽  
The Other ◽  
Equilibrium Analysis ◽  
Market Frictions ◽  
Private Capital ◽  
High Wage ◽  
Multiple Steady State ◽  
Market Friction ◽  
Credit Market Frictions ◽  
Privatization Policy

This paper examines an economy in which output is produced by state-owned enterprises and private firms. Private-capital formation requires intermediation that is subject to a credit market friction. In this environment, I look at the effects of a privatization policy that transfers state-owned capital to the private sector. Multiple steady-state equilibria are possible. When these arise, the low-wage equilibrium features a relatively inefficient financial system and privatization transfers help to increase the aggregate capital stock by reducing the severity of the credit market frictions. On the other hand, privatization transfers may have adverse effects when the economy is at the high-wage equilibrium. Analysis of the dynamic characteristics of the model reveals that development trap phenomenon and endogenous fluctuations can be observed.

Credit Market Frictions and Capital Structure Dynamics

2012 ◽  
Author(s):  
Julien N. Hugonnier ◽  
Semyon Malamud ◽  
Erwan Morellec
Keyword(s):  
Capital Structure ◽  
Credit Market ◽  
Market Frictions ◽  
Structure Dynamics ◽  
Credit Market Frictions

Bubbles, growth and sunspots with credit market frictions

2019 ◽  
Vol 102 ◽  
pp. 42-47
Author(s):  
Wai-Hong Ho ◽  
Lin Zhu
Keyword(s):  
Credit Market ◽  
Market Frictions ◽  
Credit Market Frictions

scholarly journals Credit market frictions and political failure

2016 ◽  
Vol 81 ◽  
pp. 48-64 ◽  
Author(s):  
Madhav S. Aney ◽  
Maitreesh Ghatak ◽  
Massimo Morelli
Keyword(s):  
Credit Market ◽  
Market Frictions ◽  
Credit Market Frictions ◽  
Political Failure
Sign in / Sign up

Export Citation Format

Share Document