Modelling nominal debt contracts and fixed rate debt
نویسندگان
چکیده
منابع مشابه
Modelling nominal debt contracts and fixed rate debt
We provide a simple model of sticky nominal debt contracts and fixed rate debt that can easily be embedded in a dynamic general equilibrium framework. Once linearised, the debt process increases the order of autoregressive dynamics in the system by one; thus potentially introducing more complex adjustment processes. Keywords: nominal debt; dynamic general equilibrium. JEL Classifications: E30, ...
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ژورنال
عنوان ژورنال: Economics Letters
سال: 2005
ISSN: 0165-1765
DOI: 10.1016/j.econlet.2005.01.003