Investment, credit, and endogenous cycles

被引：2
|
作者：
Faria, JR [1 ]
de Andrade, JP
机构：
[1] Univ Kent, Keynes Coll, Dept Econ, Canterbury CT2 7NP, Kent, England
[2] Univ Brasilia, Dept Econ, BR-70910900 Brasilia, DF, Brazil
来源：
JOURNAL OF ECONOMICS-ZEITSCHRIFT FUR NATIONALOKONOMIE | 1998年 / 67卷 / 02期
关键词：
business cycles; investment; credit;
D O I：
10.1007/BF01236066
中图分类号：
F [经济];
学科分类号：
02 ;
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：9
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