Assessing Some Models of the Impact of Financial Stress Upon Business Cycles*∗
نویسندگان
چکیده
2 Model Designs 3 2.1 The Base Macro-economic Model . . . . . . . . . . . . . . . . 4 2.2 The Demand For Credit . . . . . . . . . . . . . . . . . . . . . 4 2.2.1 Fixed Investment . . . . . . . . . . . . . . . . . . . . . 5 2.2.2 Residential Investment . . . . . . . . . . . . . . . . . . 6 2.2.3 Consumption . . . . . . . . . . . . . . . . . . . . . . . 8 2.3 The Supply of Credit . . . . . . . . . . . . . . . . . . . . . . . 9
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